September jobs report: U.S. adds 254,000 jobs
The U.S. added 254,000 jobs in September, far exceeding expectations, while the unemployment rate fell from 4.2% in August to 4.1%.
The U.S. added 254,000 jobs in September, far exceeding expectations, while the unemployment rate fell from 4.2% in August to 4.1%.
Forecasts were for 150,000 new jobs added last month. Data from previous months were also revised upward: August by 17,000 to 159,000, and July by 55,000 to 144,000.
Economists had expected the unemployment rate to be unchanged at 4.2%.
The unexpectedly high jobs total came with just about a month left before Election Day, as the economy comes under even greater scrutiny during the campaign between Vice President Kamala Harris and former President Donald Trump.
Harris has touted the Biden administration's progress in adding jobs during the Covid recovery period, while Trump has sought to paint the economy as a disaster, despite data showing otherwise.
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