America's employers slowed their hiring in September but still added a solid 263,000 jobs - a dose of encouraging news that may mean the Federal Reserve's drive to cool the job market and ease inflation is starting to make progress
Friday's government report showed that last month's job growth was down from 315,000 in August and that the unemployment rate fell from 3.7% to 3.5%, matching a half-century low.
In its epic battle to rein in inflation, the Fed has raised its benchmark interest rate five times this year. It is aiming to slow economic growth enough to reduce annual price increases back toward its 2% target. It's a notoriously difficult task. And the Fed is trying to accomplish it at a perilous time. The global economy, weakened by food shortages and surging energy prices resulting from Russia's war against Ukraine, may be on the brink of recession.
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US labor market added 263,000 jobs in September | CNN BusinessThe fever hasn’t broken yet for America’s employment market. The economy added 263,000 jobs in September
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U.S. Economy Added 263,000 Jobs In September, Unemployment Rate Falls To 3.5%Employers added 263,000 jobs in September and the unemployment rate fell to 3.5%, in line with expectations that job growth would slow during the month. Still, the pace of hiring was slightly highe…
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U.S. economy adds 263,000 jobs in SeptemberJUST IN: The U.S. economy added 263,000 payrolls in September, while the unemployment rate fell from 3.7% to 3.5% — a half-century low.
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Jobs growth slowed in September as economy cooled, interest rates rose. Unemployment fell to 3.5%The economy added 263,000 jobs in September, the second straight month of slower growth amid higher interest rates and soaring inflation
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