US economy adds 254,000 jobs in September, surpassing expectations

The US economy added 254,000 jobs in September, significantly exceeding expectations. This follows the Federal Reserve's decision to cut interest rates. Earlier estimates predicted only 143,000 new jobs for the month. Health care led job growth with 45,000 new positions, followed by government and social assistance. The unemployment rate remained stable, with slight decreases for men, while other demographic groups saw little change. Wages increased by 0.4 percent in September, with a total growth of 4 percent over the past year. President Biden highlighted these positive trends in a recent statement.