US employment figures beat expectations

Employment improved in the US in September.

The US Department of Labor announced on Friday that 254,000 new non-agricultural jobs were created in the country in September. According to the Department of Labor, unemployment decreased by 0.1 percentage point.

This was significantly more than, for example, a news agency Bloomberg’s the economists we interviewed were waiting. They estimated that only 150,000 new jobs would have been created in the United States in September.

The unemployment rate fell to 4.1 percent in September, while it was 4.2 percent in August.

of the United States the central bank’s (Fed) need to continue cutting the key interest rate may be less than expected if the labor market continues in October as well.

The Fed cut its key interest rate by 0.50 percentage points in September. After the decision, the governor of the central bank Jerome Powell stated that the rate cut will help keep the US economy and labor market strong.

Employment the strengthening in September curbs market concerns that economic growth in the United States is fading and the labor market is cooling.

Currently, the futures of the most important stock prices in the United States predict an increase. The positive employment numbers will therefore be welcomed on Wall Street when the stock market opens later on Friday.