Fed interest rates unlikely to be coming down

The US economy added 336,000 jobs in September, highlighting concern that the labor market isn’t cooling as fast as the Federal Reserve would like in its battle against inflation.

The nonfarm payroll additions were nearly double the 170,000 economists surveyed by Bloomberg had expected. Revisions to the August and July jobs reports released Friday showed there were 119,000 more jobs created during those months than previously reported, according to data from the Bureau of Labor Statistics.