By Tuba Sahin
ANKARA (AA) - The US economy added 263,000 jobs in September, above the market estimate, while the unemployment rate unexpectedly decreased to 3.5%, the Labor Department announced on Friday.
The market expectation for nonfarm payrolls was a 250,000 hike in September.
Job additions for August stood at 315,000, according to data from the Bureau of Labor Statistics.
The unemployment rate, on the other hand, fell to 3.5% in September from 3.7% in August.
The market expected no change compared to a month ago.
The number of unemployed people in the US edged down to 5.8 million, according to the Labor Department.
The labor force participation rate stood at 62.3% in September.
Due to the coronavirus pandemic, more than 22 million people in the world’s largest economy lost their jobs in March and April 2020.