US economy added 336,000 jobs last month, almost twice what was expected

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The US labor market surged in September, blowing expectations out of the water by adding 336,000 jobs , according to Bureau of Labor Statistics data released Friday.

It’s the largest monthly employment gain since January and is significantly above August’s net gain of 227,000 jobs, which was revised up by 40,000 from initial estimates.Job growth to end the summer was hotter than initially thought: In addition to August’s upward revisions, July’s gains were revised up by 79,000 to 236,000.“The job market is tinder-box hot,” Sung Won Soh, a professor of finance and economics at Loyola Marymount University […]

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By Donato