The latest job report offers a glimmer of hope in the fight against inflation
According to the Labor Department's most recent monthly jobs report released on Friday.
despite challenges posed by rising inflation and interest rates, US employment held up remarkably well in September.
When compared to pre-COVID averages, hiring increased at a strong rate.
However, the labour market's resiliency practically ensures that the Federal Reserve will keep raising lending rates fast to bring prices under control.
Investors expressed their dissatisfaction on Friday by prolonging a bear market.
It already reduced the value of US stocks by $12 trillion this year in an effort to show investors that there is no strong evidence of a hiring slowdown.
which would allow Fed policymakers to be less aggressive on rates.