The US unemployment rate drops to 4.1%, hitting a multi-month low, with the labor market unexpectedly strengthening.

Financial data platform PANews and Jintiao’s latest reports show that the US unemployment rate in September was 4.1%, the lowest since the second half of 2024. This data has broken some market concerns about economic slowdown and signals that the labor market remains resilient.

Significant upward revision of previous employment data, overall employment situation stronger

It is worth noting that the non-farm added employment data for July and August in the US were both significantly revised. Among them, the new employment in July was revised upward from the originally reported 89,000 to 144,000; the non-farm new employment in August was also adjusted from 142,000 to 15.x million. The total revised new employment for these two months exceeds the original figures by 72,000, reflecting that the actual performance of the US employment market is better than previously expected.

Improved economic data provides reference for policy adjustments, declining US unemployment rate boosts market confidence

The improvement in employment data from multiple dimensions indicates that the US economy remains fundamentally stable. The downward trend of the US unemployment rate and the upward revision of new employment data jointly point to a labor market with actual strength higher than expected. These data are relevant for the Federal Reserve’s future interest rate policy adjustments and also provide a more optimistic backdrop for the global economic outlook. From market performance, good employment data usually reinforce expectations of a soft landing for the economy.