Business Rundown: Shocking Jobs Report Blows Past Expectations
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For weeks, economists and analysts reacted with caution to the
August jobs report that showed a hiring slowdown, some even
questioning if the Fed’s aggressive rate cut would ease inflation
at the expense of our labor market. The September jobs report
released this morning paints a very different picture for the US
economy. 254,000 jobs added. The unemployment rate ticked down 0.1
percent. Average hourly earnings are up 4 percent year-over-year.
FOX Business correspondent Gerri Willis speaks to Annex Wealth
Management chief economist Brian Jacobsen about what's behind the
unexpectedly strong jobs report and its impact on future Fed
monetary policy. Later, they analyze Wall Street's volatile week
caused by Middle East tensions and the resolution of a loom port
strike. Photo Credit: AP Learn more about your ad choices. Visit
podcastchoices.com/adchoices
August jobs report that showed a hiring slowdown, some even
questioning if the Fed’s aggressive rate cut would ease inflation
at the expense of our labor market. The September jobs report
released this morning paints a very different picture for the US
economy. 254,000 jobs added. The unemployment rate ticked down 0.1
percent. Average hourly earnings are up 4 percent year-over-year.
FOX Business correspondent Gerri Willis speaks to Annex Wealth
Management chief economist Brian Jacobsen about what's behind the
unexpectedly strong jobs report and its impact on future Fed
monetary policy. Later, they analyze Wall Street's volatile week
caused by Middle East tensions and the resolution of a loom port
strike. Photo Credit: AP Learn more about your ad choices. Visit
podcastchoices.com/adchoices
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