International Economic

Non-farm payrolls beat expectations, unemployment rate dips

By Michele Maatouk

Date: Friday 04 Oct 2024

(Sharecast News) - The US economy added far more jobs than expected in September while the unemployment rate unexpectedly fell, dashing any expectations of a potential 50 basis points rate cut by the Federal Reserve next month.
Figures released by the Labor Department showed that total non-farm payrolls rose by 254,000...

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