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Employers add 263,000 jobs in September as jobless rate falls to 50-year low

Por: CBS News Business October 07, 2022

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Employers added 263,000 jobs last month, the Labor Department  on Friday. It was the slowest month of hiring in 18 months, showing the red-hot job market is cooling slightly as the Federal Reserve hits the brakes on the economy.The unemployment rate fell to a 50-year low of 3.5% in September as businesses continued to hire from a shrinking pool of workers. The labor participation rate fell slightly, indicating fewer people are working or... + full article



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