Key Points
Average hourly earnings grew by 0.4% in September, slightly lower than the 0.5% increase seen in August...
The US labour market showed strength in September, with the country adding 254,000 jobs, according to the latest data released by the Labour Department on Friday..
This is a notable increase from August, which saw 159,000 jobs added after revisions..
With inflation still a concern, the Fed is closely monitoring the strength of the labour market to decide its future monetary policy..
Powell acknowledged the labour market slowdown, but also pointed out that recent economic data shows the U.S. economy to be in a better position than previously thought..
