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Employers Added 263,000 Jobs in September, Slightly Less Than Expectations | Economy
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Employers Added 263,000 Jobs in September, Slightly Less Than Expectations | Economy

U.S. employers added 263,000 jobs in September, a hair below consensus forecasts, as the unemployment rate ticked back down, the Labor Department reported on Friday.The number is a drop from August’s 315,000 jobs. The unemployment rate, meanwhile, fell back to 3.5%, matching its historic, pre-pandemic low.The report indicates the labor market remains strong even in the face of an aggressive campaign by the Federal Reserve to stem inflation by raising interest rates. Other economic data out this week, including a report Tuesday that there are still 10.1 million jobs available and private payroll firm ADP’s monthly survey showing 208,000 new jobs created, reflect a similar picture of the employment situation.The Fed is hoping the labor market cools down and with it wage inflation. Friday’...