Surprising employment figures

By announcing its recent decision to lower interest rates, the Fed indicated its intention to ensure that unemployment does not in turn rise in the United States now that inflation is gradually coming into line. However, the employment figures released this Friday suggest that his concerns about unemployment do not correspond to reality, at least not yet. In September, the U.S. economy added 254,000 jobs, well above expectations, and the unemployment rate rose from 4.2 to 4.1 percent.

To entrust to New York Times a KPMG economist: “These are incredible numbers. The job market apparently isn’t cooling as quickly as we thought. Either this is the most magnificent soft landing we have ever experienced, or there is going to be some consternation about how long this phenomenon will last. »

For now, at the start of the last full month of the presidential campaign, this is undoubtedly good news for the Biden administration and Team Harris. That said, it is not certain that these employment figures prevent Donald Trump from accusing the Biden-Harris duo of having destroyed the American economy.

(Photo Reuters)