U.S. Jobs Report Shows 119K Added in September, Unemployment Rises to 4.4%
The U.S. labor market showed stronger-than-expected growth in September, according to a Bureau of Labor Statistics report released Thursday, delayed by the recent government shutdown.
Nonfarm payrolls rose 119,000, beating economists’ forecast of 50,000. August’s reading was revised to a 4,000 decline from the previously reported gain of 22,000. The unemployment rate ticked up to 4.4% from 4.3% in August, slightly above expectations.
The report, normally published in early October, marks the resumption of official economic data, with the next update due mid-December.
Markets held steady after the release. Bitcoin traded near $91,900 following Nvidia’s strong results, while U.S. stock futures rose, led by a 1.9% gain in the Nasdaq. The 10-year Treasury yield remained at 4.11%, and the dollar edged higher.
The data is unlikely to alter expectations that the Fed will hold rates steady in December.
