U.S. labor market still sturdy as U.S. adds 254,000 jobs and unemployment dips to 4.1 percent
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In September 2024, U.S. employers added 254,000 jobs, up from 159,000 in August; unemployment fell from 4.2% to 4.1%. The Federal Reserve cut interest rates for the first time in over four years, aiming to support the job market amid high inflation. Economists suggest a 'soft landing' is achievable despite previous fears of recession due to aggressive rate hikes. Consumer prices rose 2.5% year-over-year in August, down from a peak of 9.1% in June 2022. Job openings declined to 8 million in August from a peak of 12.2 million in March 2022. The number of Americans quitting jobs is at its lowest since August 2020, reflecting a cautious job market.

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https://www.pbs.org/newshour/nation/u-s-labor-market-still-sturdy-as-u-s-adds-254000-jobs-and-unemployment-dips-to-4-1-percent