September US Jobs Report: 254,000 Rise in Payrolls, Stronger Than Expected
Unemployment rate ticked down to 4.1%.
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The US economy added 254,000 jobs in September, according to the latest report from the Bureau of Labor Statistics.
The government’s report revised up previous estimates for new job creation in August and July.
The unemployment rate ticked down to 4.1% in September from 4.2% in August.
Economists had forecast the economy would add 140,000 jobs in September, which would have been little changed from the originally reported increase for August. Meanwhile, the unemployment rate was forecast to remain unchanged at 4.2%.
Monthly Payroll Change
September Jobs Report Key Stats
- Total nonfarm payrolls grew by 254,000 in September versus an upward-revised 159,000 in August.
- The unemployment rate fell to 4.1% from 4.2% in August.
- Average hourly wages fell by 0.1% to $34.20 after rising 0.3% in August.
Unemployment Rate
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United States