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In September 2025, U.S. nonfarm employment data once again indicated a sustained recovery in the labor market. According to the latest figures, total nonfarm employment reached 159.6 million, an increase of 119,000 from the previous month, continuing the steady growth trend observed over the past six months. This figure exceeded market expectations, reflecting the labor market’s resilience amid easing inflation pressures. Over the past half-year, nonfarm employment has consistently risen—from 159.4 million in April to 159.6 million in September—demonstrating ongoing labor market improvement. By sector, retail trade, a major component of employment, now accounts for approximately 15.5935 million workers, nearly one-tenth of total employment. Increased demand during holiday seasons has driven robust hiring activity in this sector, making it a key driver of overall employment growth. Meanwhile, services and professional and technical industries continued stable expansion, signaling a structural shift toward higher-value-added sectors. Although some manufacturing jobs showed minor fluctuations, the broader trend toward structural improvement in the labor market is becoming evident. Analysts note that the current strength in the labor market may support future Federal Reserve policy decisions. While labor cost pressures persist, moderate job growth and a stable unemployment rate together create favorable conditions for an economic "soft landing." If consumer confidence and business investment remain optimistic in the coming months, the labor market is expected to sustain its solid momentum, further supporting continued U.S. economic growth.
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