September Job Gains Shatter Expectations

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 6 October 2023

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Oct. 6. Hiring accelerated last month, with employers adding 336,000 jobs to the U.S. economy. Markets reporter Dion Rabouin breaks down the numbers and what it means for the Federal Reserve. And workplace reporter Lindsay Ellis explains why the math isn’t adding up for would-be accountants. Plus, the United Auto Workers union said it is forgoing more walkouts for now, after a concession from GM. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Get a better grip on the markets.
0:02.7	WSJ's Take on the Week is here to give you a look ahead to the most important events
0:07.8	on the economic and business calendar, and what they mean for your money and investments.
0:13.1	Subscribe wherever you listen to podcasts.
0:22.1	Hiring searched in September, strengthen in the case for another rate hike.
0:26.0	Last month's Fed meeting sort of put investors in the sense of,
0:30.1	okay, rates are going to be higher for longer.
0:32.6	And today's number really adds to the question of how much higher for how much longer.
0:38.4	And why Americans aren't going into accounting?
0:41.2	Plus, how food companies are confronting the ozemic era.
0:45.0	It's Friday, October 6th.
0:46.8	I'm Ann Marie Fertoli for the Wall Street Journal.
0:49.2	This is the PM edition of What's News, the top headlines and business stories that moved the world today.
0:56.0	It's Jobs Day and the September report brought a big surprise.
1:05.3	Hiring surged with employers adding 336,000 jobs.
1:09.4	That's the biggest gain since January.
1:11.6	The Labor Department also said unemployment held steady at 3.8%.
1:16.3	Last month's acceleration and hiring leaves the door open for the Federal Reserve to make
1:20.4	another rate hike before the end of the year as it seeks to slow inflation.
1:24.8	Let's get into the numbers now with Wall Street Journal Market's reporter,
1:27.9	Dion Roboen, who also hosts our newest podcast, WSJ's Take on the Week.
1:32.5	Welcome, Dion.
	...

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