Jobs Surge in September With Largest Gain Since January While Wage Growth Slows

Employers added 336,000 jobs in September, almost double what experts had forecast and the biggest gain since January.

Average hourly earnings rose 0.2% from August and 4.2% from last year, a slower pace that may ease inflation worries.

The strong job growth confirms the economy's resilience despite high inflation and interest rates.

Markets reacted positively since robust hiring and moderating wages suggest the Fed may not raise rates further.

The White House touted the gains as evidence that "Bidenomics" policies have provided a "strong, persistent tailwind."