FX.co ★ U.S. Employment Jumps Much More Than Expected In September

A significant report from the Labor Department, released on Friday, indicates a substantial increase in U.S. employment for September, surpassing expectations. According to the report, non-farm payroll employment rose by 254,000 jobs during the month, following an upward revision to 159,000 jobs for August. This figure exceeds economists' projections, who had anticipated a rise of 140,000 jobs, compared to the initially reported 142,000 jobs for the preceding month. Additionally, the report highlights a slight decrease in the unemployment rate, which declined to 4.1 percent in September from 4.2 percent in August, contrary to economists' predictions that it would remain steady.