The Labor Department reports that 336,000 jobs were created last month — way more than expected. We discuss the job market’s continued resilience and what it means for the Fed.
Later today, we expect to learn whether the United Auto Workers union will expand its strikes against Detroit’s big three automakers. There are signs of progress in the talks with GM, Ford and Stellantis. In past weeks, the UAW has spared the company that’s made the most progress from additional strikes.
The Bureau of Labor Statistics just released its official jobs tally for the month of September: 336,00 jobs were created last month. That’s almost twice what was anticipated. Susan Schmidt, head of public equity at the State of Investment Board, joins the show to discuss.
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