The Daily Money: Employers added 336,000 jobs in September
It's Friday, and if you're in California, whew, is it hot. But whether you're hunting for shade or sheltering from the rain back east, it's Charisse Jones with the Money headlines to keep you in the know over the weekend.
The labor market is surging. U.S. employers added 336,000 jobs last month, defying high inflation and interest rates.
It was the biggest jobs spurt since January. Meanwhile, more jobs than previously believed were also added in July and August, with the numbers revised up by 119,000 positions over those two months.
But all that good news is tempered by the fact that strong job numbers may lead the Federal Reserve to implement another interest rate hike to cool the economy and curb inflation, says economist Rubeela Farooqi of High Frequency Economics.
First eggs, now Girl Scout cookies
It's not just groceries that are getting more expensive. So are Thin Mints and Samoas.
Yep, that's right. Inflation is also affecting the price of Girl Scout cookies.
Costs for the treats, whose sales are a beloved annual tradition, will be $5 to $7 a box next year. The 111 Girl Scout councils set their own prices so exact prices will vary.
The Girl Scouts sell roughly 200 million boxes of cookies a year, bringing in almost $800 million.
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Each weekday, The Daily Money delivers the best consumer news from Paste BN. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government