US Private Sector Hiring Rebounds to 90,000 in September, Defying Expectations
The US private sector added 90,000 jobs in September, significantly exceeding the 68,000 to 73,000 consensus estimates and reversing a three-month slowdown. This rebound, led by healthcare and leisure, suggests the labor market has stabilized, potentially limiting the Federal Reserve's ability to cut interest rates amid persistent inflation. The strong data pressured gold prices, which remained near $4,184 per ounce, as investors anticipate the official nonfarm payrolls report on Friday.