Home breadcru News breadcru Policy breadcru US economy adds 263K jobs in Sept, unemployment rate down to 3.5%

US economy adds 263K jobs in Sept, unemployment rate down to 3.5%

10 Oct '22
1 min read
Pic: Shutterstock
Pic: Shutterstock

The American economy added 263,000 jobs in September, and the unemployment rate edged back down to a more than 50-year low of 3.5 per cent, the US Bureau of Labour Statistics reported recently. The unemployment rate fell across demographics, and notably the Hispanic unemployment rate dropped to 3.8 per cent, the lowest rate ever, said secretary of labour Martin J Walsh.

“With 10 million jobs added since President Biden took office and an average of more than 370,000 per month over the last three months, this economy continues to produce strong and steady job growth that benefits workers and their families,” Walsh said in a statement on the September 2022 Employment Situation Report.

“September’s job gains were widespread, with strong growth in healthcare professions, food and drinking establishments, and professional and business services, as well as steady, continuing gains in manufacturing and construction. With this report, healthcare jobs have now fully recovered from pandemic lows,” he added.

ALCHEMPro News Desk (DS)

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