US job growth slows again in September with just 263,000 positions added

Posted on AllSides October 7th, 2022
From The Right

U.S. job growth slowed for a second consecutive month in September, but hiring remained solid despite growing headwinds from higher interest rates, scorching-hot inflation and mounting recession fears.

Employers added 263,000 jobs in September, the Labor Department said in its monthly payroll report released Friday, slightly topping the 250,000 jobs forecast by Refinitiv economists. It marks the lowest monthly gain since April 2021.

The unemployment rate, meanwhile, unexpectedly dropped to 3.5%, returning to the historic low recorded in July.

While monthly jobs data is always important, the Federal Reserve is closely watching this...

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