Good news for Kamala Harris and the Democratic Party.
President Joe Biden touted the better-than-expected jobs data in a post on X Friday morning.
“Great news for American workers and families: Today, we learned our economy gained over 250,000 new jobs in September and unemployment is back down at 4.1%. With today’s report, we’ve created 16 million jobs, unemployment remains low, and wages are growing faster than prices.”
Fed Chair Powell: “There’s really nothing that I can point to in the economy that suggests that a downturn is more likely than it is at any time.”
The September jobs report also showed an uptick in wage growth, with average hourly earnings growing by 0.4% for the month. That brings the annual rate up to 4% from 3.9% seen in August, according to Friday’s report.
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