Last month, 263,000 jobs were added in the United States. The US Department of Labor reports this in its monthly jobs report. There were more than in August, and unemployment also fell further.
The jobs report suggests that the US economy is still strong, despite previous steps to curb high inflation. As a result, economists believe that the Federal Reserve will raise interest rates sharply again.
Employees in the US earned on average 0.3 percent more per hour in September than a month earlier. That is the same increase as in August. However, the employment rate did fall, which means that a smaller proportion of the American population is in work.
A large part of the new jobs was added in the catering and leisure sector, but fewer people still work in those sectors than before corona. On the other hand, many jobs were also created in healthcare. This means the sector is back to the level before the corona pandemic.
Economists now generally believe that the Fed will raise interest rates again by 0.75 percentage points at the next policy meeting. During the so-called premarket trading, the American stock markets plunged into the minus after the jobs report.
Therefore, the large stock market indicators stand for a significantly lower opening. The dollar also strengthened again against the euro.
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