US Adds More Jobs Than Expected in September, Keeping Pressure on Fed and Spooking Markets

Nonfarm payrolls increased by 336,000 jobs in September, well above economists' expectations of 170,000.
The unemployment rate remained steady at 3.8% in September, showing the labor market's resilience.
Average hourly earnings rose just 0.2% from August, easing wage growth concerns.
The strong jobs report raised expectations of more Federal Reserve interest rate hikes to combat inflation.
Stocks fell and Treasury yields jumped to their highest levels in over a decade on expectations of tighter Fed policy.