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US Job Growth Rate Surpasses Expectations, Raises Interest Rate Possibility: Washington Correspondent

[앵커]

The job growth rate in the United States last month was more than double the forecast, showing that the job market remains hot.

The White House celebrated the success of Buynomics, but the possibility of the Federal Reserve raising interest rates has increased.

This is Washington correspondent Kwon Jun-ki.

[기자]

The U.S. Department of Labor announced that jobs increased by 336,000 last month.

It surprised the market by more than twice the expert forecast of 170,000.

Job growth, which had been declining this year, has rebounded sharply, proving the resilience of the U.S. economy.

President Biden held a press conference and emphasized that his economic policies are working.

[조 바이든 / 미국 대통령 : 오늘 고용지표는 경제 성과의 또 다른 예에 불과합니다. 우리는 중산층은 늘리고 낙수효과가 아닌 상향식 성장을 추구하면서 재정 적자를 줄이는 데 집중하고 있습니다.]

When it was pointed out that there was more negative public opinion about Buynomics, he pointed out the media’s behavior of highlighting only bad things and pointed out that the problem was politics, not the economy.

[조 바이든 / 미국 대통령 : 지난주 의회에서 일어난 일(의장 해임)을 본 뒤라면 어떤 일인들 흥미롭게 보이겠습니까?]

A strong job market means that the economy has the stamina to withstand high interest rates, so the possibility of the U.S. Federal Reserve raising interest rates has increased.

Experts observed that the Federal Reserve, which froze the interest rate last month, has increased the probability of raising the interest rate by 0.25%P next month.

[제시 휠러 / 모닝 컨설트 선임 이코노미스트 : 이번에 나온 강력한 고용지표는 정말 충격적이었습니다. 지금 시장은 연준이 12월보다는 11월에 금리를 올릴 거라고 볼 겁니다.]

The New York stock market, which had been declining due to concerns about interest rate hikes immediately after the announcement of the employment index, turned positive, noting that the wage increase rate was not as high as expected despite the increase in jobs.

The rise in long-term U.S. government bond yields also had an impact.

All three major indicators closed with positive gains of around 1%, including NASDAQ rising 1.6%.

This is YTN Junki Kwon from Washington.

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2023-10-06 22:28:00
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