Jobs report: Economy adds 136,000 payrolls in September, unemployment rate falls to 3.5%
U.S. employers added fewer jobs than expected in September and wage gains slowed, adding to signs of decelerating growth in the domestic economy. However, the unemployment rate unexpectedly declined to a fresh five-decade low of 3.5%.
Here were the main numbers from the Department of Labor’s September jobs report, versus consensus expectations compiled by Bloomberg:
Nonfarm payrolls: 136,000 vs. +145,000 expected and +168,000 in August
Unemployment rate: 3.5% vs. 3.7% expected and 3.7% in August
Average hourly earnings MoM: +0.00% vs. +0.2% expected and +0.4% in August
Average hourly earnings...