U.S. payrolls grew by 263,000 in September, unemployment rate falls to 3.5%

U.S. payrolls grew by 263,000 in September, unemployment rate falls to 3.5%

Job growth slowed for a second month in September as a series of supersized interest rate hikes permeated the U.S. economy, but the softer non-farm payroll gain is still unlikely to deter policymakers from aggressive monetary action to fight inflation that remains at a decades-high.

Here are highlights from the latest monthly jobs report released by the Labor Department on Friday, compared to consensus estimates from Bloomberg.

  • Non-farm payrolls: +263,000 vs. +255,000 expected

  • Unemployment…


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