Employers added 254,000 jobs in September, blowing away forecasts and reversing a slowdown in hiring that had prompted the Federal Reserve to make a jumbo rate cut at its meeting last month.
Economists had forecast 140,000 new jobs, according to financial data provider FactSet.
The unemployment rate inched down to 4.1%, versus 4.2% in the prior month.
This is not job openings, these are net new hires (all new hires minus all job quits / layoffs / retirements / whatever).
But, it’s not spread evenly by sector or geography. There are still areas with net losses.