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Economic Buzz: US nonfarm payrolls edge higher, unemploment rate drops
04-Oct-2024 18:39
A closely watched update from the Labor Department on Friday showed that US non-farm payroll employment rose by 254,000 jobs in September after climbing by an upwardly revised 159,000 jobs in August. The Labour Department had shown an addition of 142,000 jobs originally for the previous month. This is the largest addition in nonfarm jobs in last six months. US unemployment rate slipped 4.1% in September from 4.2% in August, reflecting an overall improvement in US labour markets.

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