The September jobs report blew past expectations.

in us •  2 years ago 

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We added a whopping 336k jobs last month. About double expectations. July and August got revised up as well by a combined 119k higher jobs.

Unemployment stays level at 3.8%. Labor force participation stays level at 62.8%. Prime age labor force participation is at 83.5%- this is actually 0.5% above where it was before the pandemic.

With core inflation now back down to the Fed's target we seemingly are getting the soft landing we desired.

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Don't be so sure. In 2022, job numbers were revised down AFTER the election