The jobs report for September exceeded expectations, with the U.S. economy producing 254,000 new jobs. Yahoo Finance reporters Madison Mills and Brooke DiPalma join to discuss the broader labor market, focusing on the impact of union strikes and the significant gains within the retail sector.

Notably, average hourly earnings rose 0.4%. This wage growth provides a favorable backdrop for union workers currently engaged in strikes or entering negotiations. However, it also presents a double-edged sword when considering its potential impact on Federal Reserve policy.

Meanwhile, the retail industry emerged as one of the standout performers in this report, adding 15,600 jobs in September as businesses gear up for the holiday season. This marks a dramatic turnaround from August when the sector shed 11,000 positions.

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This post was written by Angel Smith