Employment growth unexpectedly picks up with 336,000 jobs added in September
Posted on AllSides October 6th, 2023
From The Right
The economy beat expectations in September and added 336,000 jobs, the Bureau of Labor Statistics reported Friday, a sign that the labor market has momentum despite the Federal Reserve’s interest rate hikes.
The jobs will bolster the messaging coming out of the White House, which has been working to credit President Joe Biden for the strong job creation over the past year.
The report shows that jobs are still being added and that the unemployment rate still remains low by historical standards. The unemployment rate remained at 3.8% in September.
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