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| US Labor Market Thrives With 254000 Jobs Added                                                                       |
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| In September 2024, the US economy added 254,000 jobs, exceeding expectations of 140,000; unemployment rate fell to   |
| 4.1% from 4.2%; healthcare sector added 71,700 jobs, leisure and hospitality added 78,000; construction added 25,000 |
| jobs, while manufacturing saw no significant job growth; Brian Bethune from Boston College noted this as a           |
| bounce-back from sluggish July and August; Nigel Green of deVere commented on potential 25 basis point cuts by the   |
| Federal Reserve; tech sector hiring surged, particularly in AI and machine learning roles with increases up to 31%;  |
| overall, the labor data indicates a significant rebound and cautious optimism for economic stability.                |
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| #UsEconomy #JobGrowth #Unemployment #FederalReserve #Healthcare #Technology #Ai #LaborMarket #September2024          |
| #EconomicOutlook                                                                                                     |
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| https://evrimagaci.org/tpg/us-labor-market-thrives-with-254000-jobs-added-43834                                      |
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