Sign up to receive our free weekday morning edition, and you'll never miss a scoop.
U.S. Treasury building exterior
Premium
October 06, 2023

Scorching jobs report sends markets down, bond yields up

The U.S. economy added 336,000 jobs in September, crushing expectations of a continuing labor slowdown. The news has already added more pressure to an increasingly volatile financial market.

The Bureau of Labor Statistics reported the largest monthly total of jobs added since January this morning, and the U.S unemployment rate remains at 3.8%. Worker pay is still growing faster than inflation, with average hourly earnings increasing by 4.2% in the 12 months through September.

Subscripion logo

Become a Premium member to continue reading

Become a Member
Already a subscriber? Log In
Premium Finance + Economy

Presented by Wells Fargo

At Wells Fargo, we cover more rural markets than many large banks, and nearly 30% of our branches are in low- or moderate-income census tracts. What we say, we do. See how.

Related
Doubts emerge on government funding
The Senate is in recess until Oct. 16 and has yet to pass any of the 12 annual spending bills that were overwhelmingly approved in the Appropriations Committee.
Washington
Wall Street’s fraught, lucrative world of betting on Washington
Finance + Economy
Moody's: Government shutdown can negatively impact U.S. credit rating
premium Finance + Economy
Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.