The U.S. economy maintained its growth momentum, with hiring picking up significantly in September

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MarsBit
10-04
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Mars Finance News, according to the Wall Street Journal, U.S. employers added 254,000 jobs last month, with the pace of hiring accelerating strongly, while the unemployment rate fell to 4.1%, indicating that the economy continued to grow in a month when the Federal Reserve cut interest rates for the first time in four years. The Fed is looking for signs that the labor market is continuing to cool gradually, but will not deteriorate sharply.

Inflationary pressures have eased significantly over the past two years, and the pace of hiring in the coming months will play a huge role in the interest rate path decisions of Fed officials. Before the November resolution, the Fed will also see the October non-farm report. In October, dock workers at dozens of U.S. ports had a large-scale strike, but the strike ended on Thursday night. The strike at Boeing is still going on, with Boeing's largest union striking on September 13.

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