Skip to content
Sign up to receive our free weekday morning edition, and you'll never miss a scoop.
The Treasury Department announced it would lift sanctions against Tornado Cash, a decentralized crypto enterprise that the Biden administration once described as a “notorious” vector for money laundering.

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

You're seeing a preview of our Premium coverage. Read the full story by subscribing here.

Read our latest series

Our newest editorial project, in partnership with Google, explores how AI is advancing sectors across the U.S. economy and government through a four-part series.

 

Check out our fourth feature focused on AI and economic investment with Rep. Ashley Hinson (R-Iowa).

Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.