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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-4383 |
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