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Job Growth 2024

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In September 2024, the U.S. economy added 254,000 jobs, significantly exceeding expectations, while the unemployment rate fell to 4.1%. This robust job growth indicates a resilient labor market, influencing Federal Reserve interest rate decisions amid ongoing economic assessments.

Left-leaning sources express overwhelming frustration with Republicans, particularly Rubio, portraying them as obstructive and dangerous to democracy, while celebrating Biden’s robust job growth as a positive counterpoint.

Right-leaning sources exude optimism and pride, celebrating robust job growth and a declining unemployment rate as signs of a resilient, thriving economy under current leadership.

Generated by A.I.

Main Left Right

In September 2024, the U.S. economy saw a significant resurgence, adding 254,000 jobs, which surpassed expectations significantly and led to a decrease in the unemployment rate to 4.1%. This positive jobs report contributes to the narrative of a resilient labor market, showcasing continued strong hiring just ahead of the presidential election. The data suggests a possible recovery trend, indicating that consumer demand and hiring remain robust even against economic uncertainties posed by inflation and interest rate controls.

The Federal Reserve is currently monitoring these trends closely, as favorable economic indicators could influence their monetary policy decisions, potentially halting expected interest rate cuts amid fears of higher inflation. The uptick in job creation points toward a soft landing for the economy, having implications not just for market expectations but also for broader economic stability.

Political figures are reacting to the jobs report; for instance, Marco Rubio criticized the Biden administration for what he describes as a failure to address issues faced by everyday Americans. Simultaneously, Republican critiques suggest that the economic narrative being presented is misleading, as they argue it fails to address the persistent inflation concerns. Despite these political contentions, many economists express excitement about the jobs numbers and wage growth outpacing inflation, a key aspect of economic recovery.

This jobs report acts as a pivotal barometer for the incoming election, revealing not just economic health but also intertwining political narratives ahead of a critical voting season. Overall, the September jobs report reflects a complex but encouraging picture of the U.S. economy as it navigates through a politically charged environment and persistent economic challenges.

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Current Stats

Data

Virality Score 5.4
Change in Rank +1
Thread Age 79 days
Number of Articles 65

Political Leaning

Left 19.6%
Center 57.1%
Right 23.2%

Regional Coverage

US 83.6%
Non-US 16.4%

Recent Coverage

Biden and experts roast Rubio: ‘Anything MAGA Republicans don’t like they call fake’

Raw Story - 78 days ago - The September jobs report released Friday was so stunningly great one economist literally exclaimed “wowza.” Fox News was forced to praise the numbers, with one guest lamenting he had expected “more red flags than a communist parade in this report, and there’s not a single one,” then having to admit...

https://www.rawstory.com/marco-rubio-2669328514/

Biden joins experts roasting Rubio: 'anything MAGA Republicans don’t like they call fake'

Alternet - 78 days ago - The September jobs report released Friday was so stunningly great one economist literally exclaimed “wowza.” Fox News was forced to praise the numbers, with one guest lamenting he had expected “more red flags than a communist parade in this report, and there’s not a single one,” then having to admit...

https://www.alternet.org/biden-maga-republicans-fake/

There's Still Room for the Fed to Cut, Pimco's Wilding Says

marketscreenercom - 78 days ago - -- Pimco Economist Tiffany Wilding reacts to the September US employment report. Speaking on Bloomberg Open Interest, Wilding says the US economy is slowing but not crashing and looking more normal. ...

https://www.marketscreener.com/quote/currency/AUSTRALIAN-DOLLAR-US-DOLL-2373531/news/There-s-Still-Room-for-the-Fed-to-Cut-Pimco-s-Wilding-Says-48004495/

Did Friday's Jobs Data Take a Jumbo Rate Cut Off the Table? Wall Street Thinks So

Investopedia - 78 days ago - Markets were reorienting on Friday after a surprisingly strong jobs report dispelled some fears that the Federal Reserve needs to come to the rescue of a weakening labor market.

https://www.investopedia.com/wall-street-interest-rate-expectations-jobs-report-federal-reserve-8723426

Jobs report blows away expectations

CBS News - 78 days ago - The September jobs report blew away expectations from economists after a slowdown in hiring in earlier data prompted the Federal Reserve's rate cut. CBS News business analyst Jill Schlesinger looks at the data.

https://www.cbsnews.com/video/jobs-report-blows-away-expectations/

J.D. Vance's attack on blockbuster jobs report quickly shut down by economist

Raw Story - 78 days ago - Panelists on Fox Business aren't the only people trying to tamp down the good news about employment in the United States.Sen. J.D. Vance (R-OH) on Friday claimed that we should ignore the topline number of 254,000 net jobs created last month on the grounds that all of them were supposedly taken by u...

https://www.rawstory.com/jd-vance-jobs-report/

US Adds Over a Quarter of a Million Jobs, Unemployment Dips to 4.1%

Newsweek - 79 days ago - Job growth was widespread across sectors, including restaurants and bars, healthcare, and construction.

https://www.newsweek.com/us-economy-jobs-quarter-million-new-jobs-unemployment-decrease-federal-reserve-1963983

The U.S. saw stunningly strong growth in jobs last month. Here's what to know

NPR - 79 days ago - U.S. employers added more than a quarter million jobs in September, while the unemployment rate fell to 4.1%. Here's what to know about the data.

https://www.npr.org/2024/10/04/nx-s1-5140039/labor-market-jobs-economy-interest-rates

Top Stock Movers Now: Spirit Airlines, Albemarle, Rivian, and More

Investopedia - 79 days ago - Major U.S. indexes were on the rise at midday Friday after a report showed employers added more jobs than economists expected in September.

https://www.investopedia.com/top-stock-movers-now-spirit-airlines-albemarle-rivian-and-more-8723420

U.S. Job Market Soared in September, Exceeding Analysts Expectations

Entrepreneur.com - 79 days ago - U.S. economy beats expectations by adding 254,000 jobs in September, with unemployment dipping to 4.1%.

https://www.entrepreneur.com/business-news/september-jobs-report-exceeds-expectations/480818

US adds 254,000 jobs, unemployment dips to 4.1% in still-sturdy labor market

Voice of America English News - 79 days ago - The latest figures suggest that many companies are still confident enough to fill jobs despite the continued pressure of high interest rates

https://www.voanews.com/a/us-adds-254-000-jobs-unemployment-dips-to-4-1-in-still-sturdy-labor-market/7810508.html

‘Wowza’: Economists thrilled with ‘huge’ jobs report and wages outpacing prices

Raw Story - 79 days ago - The September jobs report is a stunning confirmation of just how "strong" and "resilient" the U.S economy is, according to economic experts who are celebrating Friday morning."US economy smashes expectations with 254,000 jobs added in September," The Financial Times reports, "far outstripping expect...

https://www.rawstory.com/wowza-economists-thrilled-with-huge-jobs-report-and-wages-outpacing-prices/

'Wowza': Economists thrilled with 'huge' jobs report as wages outpace prices

Alternet - 79 days ago - The September jobs report is a stunning confirmation of just how “strong” and “resilient” the U.S economy is, according to economic experts who are celebrating Friday morning.“US economy smashes expectations with 254,000 jobs added in September,” The Financial Times reports, “far outstripping expect...

https://www.alternet.org/biden-economists-2024/

US job growth accelerates in Sep, unemployment rate declines to 4.1%

businessstandardcom - 79 days ago - The initial payrolls count for August has typically been revised higher over the past decade. Estimates for September's job gains ranged from 70,000 to 220,000

https://www.business-standard.com/world-news/us-job-growth-accelerates-in-sep-unemployment-rate-declines-to-4-1-124100401068_1.html

U.S. unemployment dips to 4.1% in sign soft economic landing likely 'already secure'

financialpostcom - 79 days ago - America's employers added 254,000 jobs in September, the latest evidence that the U.S. labour market is still on solid footing. Keep reading

https://financialpost.com/news/economy/u-s-unemployment-falls-soft-economic-landing-secure

US Economy Adds 254,000 New Jobs, Unemployment Rate Dips to 4.1 Percent

The Epoch Times - 79 days ago - Food services and drinking places led September’s job creation.

https://www.theepochtimes.com/business/us-economy-adds-254000-new-jobs-unemployment-rate-dips-to-4-1-percent-5735197

US economy: US jobs growth blows past estimates, unemployment falls to 4.1pc

The Australian Financial Review - 79 days ago - Non-farm payrolls increased 254,000 in September, the most in six months, leading traders to pare bets on a half-percentage point rate cut in November.

https://www.afr.com/world/north-america/us-jobs-growth-blows-past-estimates-unemployment-falls-to-4-1pc-20241004-p5kg1b

Employers Add a Robust 254,000 Jobs in September as Unemployment Dips to 4.1 Percent

nysun - 79 days ago - Unexpectedly strong hiring numbers suggest that America's labor market is solid enough to support steady hiring and a growing economy.

https://www.nysun.com/article/employers-add-a-robust-254000-jobs-in-september-as-unemployment-dips-to-4-1-percent

U.S. economy creates 254,000 jobs as unemployment rate dips to 4.1% in blowout report

Fortune - 79 days ago - In its report Friday, the Labor Department also revised up its estimate of job growth in July and August by a combined 72,000.

https://fortune.com/2024/10/04/us-economy-jobs-report-254000-septemeber-unemployment-rate-4-1-percent/

US job growth beats expectations ahead of presidential election

thenationalnewscom - 79 days ago - Most economists say the Fed appears to have achieved the once unlikely prospect of a 'soft landing'

https://www.thenationalnews.com/business/economy/2024/10/04/us-job-growth-beats-expectations-ahead-of-presidential-election/

U.S. job growth outperforms expectations as hiring resurges

Los Angeles Times - 79 days ago - A resurgence of hiring added a quarter-million jobs last month across the country and the unemployment rate dropped to 4.1%, according to new government data released Friday.

https://www.latimes.com/business/story/2024-10-04/jobs-report-for-september