The US economy added 254K jobs in September 2024, much higher than an upwardly revised 159K in August, and well above forecasts of 140K. It is the strongest job growth in six months and higher than the average monthly gain of 203K over the prior 12 months. Employment continued to trend up in food services and drinking places (69K); health care (45K); government (31K), both local (16K) and state (13K); social assistance (27K), primarily in individual and family services (21K); and construction (25K). Employment declined by 7K in manufacturing and was little changed in mining, quarrying, and oil and gas extraction; wholesale trade; retail trade; transportation and warehousing; information; financial activities; professional and business services. Meanwhile, payrolls figures for July were revised up by 55K from 89K to 144K, and the change for August was revised up by 17K from 142K to 159K. With these revisions, employment in July and August combined is 72K higher than previously reported. source: U.S. Bureau of Labor Statistics
