Home United States USA — Financial US adds 263,000 jobs; unemployment rate falls to 3.5% in September

US adds 263,000 jobs; unemployment rate falls to 3.5% in September

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US employers hired more workers than expected in September, while the unemployment rate dropped to 3.5 per cent, pointing to a tight labour market which keeps the Federal Reserve on its aggressive monetary policy tightening campaign for a while.

Non-farm payrolls increased by 263,000 jobs last month, the Labor Department said in its closely watched employment report on Friday.

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