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Writer's pictureCSI Professionals Inc.

US Economy and Job Market Update: October 2024 Recap


STRONG JOB GROWTH


In September 2024, the U.S. added 253,000 jobs, bringing the unemployment rate down to 4.1%.


WAGE GROWTH


Wages are also on the rise, growing at an annual pace of 4%. This is a sign of improving conditions for workers.


A SOFT Landing?


The economy is achieving a 'soft landing' despite high inflation and interest rates hikes.


INFLATION TRENDS


Inflation is trending downwards, nearing the Federal target of 2%, thanks to falling energy prices.


PUBLIC SENTIMENT


Despite the positive numbers, only 22% of Americans feel the economy is in good shape, highlighting a gap in public sentiment.

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