The U.S. economy added substantially more jobs than expected in September, according to a long-awaited report Thursday from the Bureau of Labor Statistics.
Nonfarm payrolls increased by 119,000 in the month, up from the 4,000 jobs lost in August following a downward revision. The Dow Jones consensus estimate for September was 50,000.
In addition to the headline jobs number, the BLS said the unemployment rate edged higher to 4.4%, the highest it’s been since October 2021.
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