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unemployment rateYahoo Finance
•87% Informative
The S&P 500 set a closing high of 5,762.48 on Monday .
The index is now up 20.6% year to date and up 60.4% from its October 12, 2022 .
The U.S. economy created a healthy 254,000 net new jobs in September .
The hiring rate has fallen to 3.1% , matching the lowest level of the current economic cycle.
Hiring activity, while cooling, continues to be much higher than layoff activity.
Job switchers still get better pay; pay growth in September for those who changed jobs was up 6.6% from a year ago .
Average 30-year fixed-rate mortgage rates rose to 6.12% , up from 6.08% last week .
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90
Informative language
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