U.S. Job Growth Surges in September, Exceeding Expectations Despite Slowing Wage Gains

U.S. employers added 336,000 jobs in September, far exceeding economists' expectations and showing continued labor market strength.

The unemployment rate held steady at 3.8% as joblessness remained near record lows.

Wage gains cooled more than expected to 0.2% month-over-month, easing concerns about inflationary pressures.

The Fed will likely be troubled by the strong jobs report, as it suggests interest rates may need to be raised further to slow economic growth.

September job gains were broad-based across sectors like leisure and hospitality, government, and motor vehicle manufacturing.