October 4, 2024 – The U.S. non-farm payroll employment for September surged to 254,000, significantly higher than the expected 140,000. This marks the largest employment gain since March 2024.
Key Highlights:
- September Payrolls: The seasonally adjusted increase of 254,000 exceeded expectations of 140,000.
- Previous Revisions: The August payroll number was revised up from 142,000 to 159,000.
- Strong Employment Growth: This unexpected growth reflects continued resilience in the labor market despite economic headwinds.
The data strengthens the case for a more measured approach by the Federal Reserve in its future interest rate decisions, given the robust employment environment.
