September’s job report saw a gain of 263,000 nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. Employment gains happened in leisure, hospitality and health care.
September’s unemployment rate was 3.5%, decreasing from 3.7% in August. The civilian labor force participation rate is at 62.3%, little changed from 62.4% in August.
The report found that average hourly earnings for employees on private, nonfarm payrolls was $32.46. Over the past 12 months, average hourly earnings have increased by 5.0%.