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Payrolls rose 263,000 in September as the unemployment rate fell to 3.5% amid Fed rate hikes

Por: NBC News Business October 07, 2022

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Job growth fell short of expectations in September as efforts by the Federal Reserve to slow inflation took their toll on hiring, the Labor Department reported Friday. Nonfarm payrolls increased by 263,000 for the month, compared to the Dow Jones estimate of 275,000. The unemployment rate was 3.5% versus the forecast of 3.7%. September’s payroll figure marked a deceleration from the 315,000 gain in August and tied for the lowest monthly... + full article



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