Job growth was widespread across sectors, including restaurants and bars, healthcare, and construction.
The U.S. labor market surged in September, adding a robust 254,000 jobs that far exceeded expectations, boosting business confidence.
The new jobs report figures significantly increased from the 159,000 jobs added in August, according to the Department of Labor.
September’s job gains were broad, with several industries showing strong growth.
At the same time, the unemployment rate fell for the second consecutive month, dropping from 4.2 percent and 4.1 percent.
Restaurants and bars added 69,000 new roles, while the health care sector grew by 45,000.
Other industries also contributed to the rise: government agencies added 31,000 positions, social assistance employers added 27,000, and construction companies created 25,000.
Professional and business services, which had lost jobs for three straight months, bounced back with 17,000 new positions.
The Labor Department also revised its estimates for July and August, adding a combined 72,000 jobs to earlier figures.
„The September jobs report shows a nice bump in labor demand at the beginning of the fall. The U.S. economy is growing solidly in 2024 even as inflation slows to near the [Federal Reserve’s] target“, said Bill Adams, chief economist at Comerica Bank.
