In the BLS jobs report that just came out for September, the headline number is the overall growth of payroll jobs: 336,000.
That is a whopping number, roughly twice what most economists were predicting. In addition, the moderate payroll growth we initially saw in July and August disappeared, as payroll growth estimates were revised substantially upward. Over the past 3 months, payroll growth has averaged 266,000 workers – vastly more than what we thought a month ago.
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