BLS Jobs Report (September 2023)
Job growth was much stronger than expected in September, with the BLS reporting 336K new jobs, nearly double the forecasted amount. Over the last few months, revisions to prior months' data have been negative and large. That reversed course in September, with the BLS adding back 119K jobs. With the Fed looking for signs of a softening labor market, this strong data raises the risk of another rate hike at the Fed's Nov 1 meeting. #bls #jobs #unemploymentrate #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow