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Job creations up sharply in September, unemployment down slightly to 4.1% in the United States

Last month, 254,000 jobs were created, private and public sectors combined, compared to 159,000 jobs in August, a figure revised upwards.

Analysts were instead counting on a decline to 135,000, according to the consensus published by briefing.com.

The period takes into account the impact of Hurricane Francine, which hit southern Louisiana but whose impact on employment in the state was ultimately limited.

However, it does not take into account the economic and social consequences of Hurricane Helene, which devastated the southeast coast of the United States, from Florida to Virginia, at the end of the month.

This report confirms the words of the chairman of the Federal Reserve (Fed)the economy is doing well, it is still creating jobs and shows no signs of contraction“, estimated HFE economists in a note.

If unemployment is down over one month, it is however up significantly compared to September 2023, by 0.3 percentage points, underlines the Department of Labor, which represents 500,000 additional job seekers.

The American job market generally seems to have returned to a normal level, with a participation rate which has remained unchanged for three months, at 62.7% of the working age population and a number of part-time employees. also stable, at 4.6 million.

In detail, employment in the catering sector increased the most, by 69,000 jobs, which is much higher than the monthly average over the last twelve months (14,000).

The health sector is also growing, although less this time than its monthly average for the last twelve months, which is in line with the trend also observed for public employment.

On the other hand, a certain number of sectors, in particular industrial or in the extraction of raw materials, commerce or transport, have not experienced any major variation over the past month.

On the remuneration side, hourly wages increased by 0.4% over one month, 4% over one year, in the private sector.

The good performance of the job market, which the Fed now considers to monitor as much as the level of inflation, removes the possibility of emergency intervention by the latter, which reduced its rates for the first time during its meeting last September, to bring it back to the range between 4.75% and 5%.

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