Publisher: Maaal International Media Company
License: 465734
The US labor market remained strong in September, but the persistent strength in hiring also stressed on the challenges facing the Federal Reserve.
Employers added 263,000 jobs last month on a seasonally adjusted basis, the Labor Department said Friday. That was down from 315,000 in August. The unemployment rate fell to 3.5%, from 3.7% a month earlier.
The Federal Reserve’s next rate decision is scheduled for Nov. 2, and officials have emphasized that the central bank is watching the jobs data closely.