U.S. Labor Market Update – September 2024

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Key Takeaways

U.S. employers closed out a cooling labor market summer, surpassing expectations and adding 254,000 jobs in September

Following 50 years of accuracy, the Sahm rule may not apply this time around

“The Great Stay” continues with a 3-year low in wage growth for job changers

Many economic variables lie ahead between rate cuts, hurricanes, and a presidential election

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