Mixed reactions as US jobs growth surges but unemployment stalls in September

Market expected 170,000 rise

Cristian Angeloni
clock • 2 min read

US total nonfarm payroll employment increased by 336,000 in September 2023, according to data published by the Bureau of Labor Statistics today (6 October).

Job gains took place in sectors including leisure and hospitality, government, healthcare, professional, scientific and technical services, and social assistance. Federal Reserve opts to leave rates unchanged but maintains hawkish stance The rise was above the average monthly gain of 267,000 over the12 months prior, and higher than the 170,000 expected by the market. Yet the US unemployment rate in September remained unchanged at 3.8% - representing 6.4 million people, the BLS noted. Richard Flynn, managing director at Charles Schwab UK, said the latest figures showed a healthy ...

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