The rate of unemployment in September 2022 dropped to 3.5 percent, compared to September 2021 when it stood at 4.7 percent, says the Bureau of Labor Statistics.
The U.S. unemployment rate dropped from 3.7 percent to 3.5 percent in September, giving a political boost to President Joe Biden weeks before the midterm elections.
The number of unemployed edged down to a seasonally adjusted 5.8 million in September from 6 million in August, the U.S. Bureau of Labor Statistics said on Friday.
Employers in the U.S. added 263,000 jobs in September, with Hurricane Ian, which hit Florida towards the end of the month, having no discernible effect on the employment data so far, it said.
The pace of job creation slowed from August, when the economy added 315,000 jobs and from July, when it added a huge 526,000 new jobs.
The unemployment rate has dropped quite sharply from 4.7 percent in September 2021 in a sign that the U.
