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U.S. adds 263,000 jobs in September, but smallest gain in 17 months won't stop Fed rate hikes

Por: MarketWatch Politics October 07, 2022

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It also fell slightly short of Wall Street estimates. Economists polled by The Wall Street Journal had forecast 275,000 new jobs. The unemployment rate, meanwhile, dropped to 3.5% from 3.7%,. That puts it back at a pre-pandemic low and marks one of the lowest rates since the late 1960s. Yet the slowdown in hiring is not taking place fast enough to deter the Fed from rapidly raising interest rates to try to quench the worst outbreak of inflation... + full article



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