US Economy Adds 263,000 New Jobs in September as Labor Market Conditions Soften

A man walks past a "we're hiring" sign posted outside of a restaurant in Arlington, Va., on June 3, 2022. Olivier Douliery/AFP via Getty Images

The U.S. economy added 263,000 new jobs in September, down from an upwardly revised 537,000 in August, according to the Bureau of Labor Statistics (BLS). The market had forecast 250,000 new jobs last month.

The unemployment rate fell to 3.5 percent, from 3.7 percent in August. That was in line with economists’ expectations.