September jobs breakdown: Which industries are hiring the most workers?
foxbusiness.comSlateStone Wealth Chief Market Strategist Kenny Polcari discusses how the robust September jobs report could impact the Fed's inflation battle on 'Varney & Co.'
U.S. job growth unexpectedly surged in September, boosted by a flurry of hiring across different sectors of the economy.
Employers added 336,000 jobs in September, the Labor Department said in its monthly payroll report released Friday, almost double the 170,000 jobs forecast by Refinitiv economists.
It marked the best month for job creation since January. The unemployment rate, meanwhile, held steady at 3.8%.
Job seekers visit booths during the spring job fair at the Las Vegas Convention Center April 15, 2022. (K.M. Cannon/Las Vegas Review-Journal) / Getty Images)
«It was a blockbuster jobs report, but just as important was how well-rounded hiring was,» said Robert Frick, corporate economist with the Navy Federal Credit Union. «Health care jobs no longer stole the spotlight, but the long-awaited surge in government hiring has started, and leisure and hospitality got a second wind, along with staffing up at bars and restaurants.»
US ECONOMY ADDS 336K JOBS IN SEPTEMBER, BLOWING PAST EXPECTATIONS
Job gains were mostly broad-based last month, with the leisure and hospitality industry leading the way. The sector, the hardest hit by the COVID-19 pandemic, added 96,000 new jobs last month, above the average gain of 61,000 over the previous 12 months.
The biggest gains came from restaurants and bars, which hired 60,700 new workers, finally returning to their pre-pandemic level of employment. Hotels, meanwhile, brought aboard 15,600 employees last month.
WORKERS NOW DEMANDING NEARLY $80K TO START NEW JOB
Hiring in government was the second-biggest contributor to
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