The Labor Department’s closely watched monthly jobs report said job growth slowed in September but still topped estimates. Non-farm payroll employment climbed 263,000 jobs, thanks in part to strong gains in the leisure and hospitality sectors. Meanwhile, the unemployment rate fell to 3.5%.
Gas prices continue to climb. AAA says the nationwide average for a gallon of regular unleaded is up three cents from yesterday to $3.89 a gallon.
Norwegian Cruise Lines is gearing up for a record-breaking year. The company says that improvements in the public health situation, along with increased demand for travel, will likely lead to a strong 2023.
In the oil markets, crude finished the week higher following OPEC’s decision earlier this week to slash crude production. WTI Crude futures gained $4.19 to $92.64 a barrel. On the week, oil up 16.5%.
