September Jobs Report: Shows 336K Jobs Added While Unemployment Held At 3.8%

September jobs report showed that 336K jobs were added despite high interest and inflation. This is the strongest monthly gain since January. According to the Labor Dept., the unemployment rate remains steady at 3.8%.

September Jobs Report 2023 [Photo: Medium]

September Jobs Report 2023

According to an article by Paul Davidson, the September jobs report showed that employers added 336K jobs despite high interest and inflation. The September jobs report also showed that it is the strongest monthly gain since January. The Labor Department said Friday the unemployment rate held steady at 3.8%. The US economist had estimated that 170K jobs were added in September.

However, the job gains for July and August were revised up by a combined 119K-pushing the advances for each month over 200K and painting a more robust pic of summer hiring than previously thought. CEO Michael Stratta said, “At Arcalea, a Chicago-based supplier of marketing tech such as artificial intelligence- sales are roughly flat this 2023.” But, the 18-employee company is hiring three or four data scientists and business development specialists in the coming months as it girds for growth next year.

Is the United States headed for a recession? CEO Michael Stratta answered he is weary of longstanding forecasts of a recession that never seems to happen. He added they add more jobs because the predictions of the last few years have not come to pass. Also, CEO Michael Stratta said they were almost fatigued at the messaging.

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