Economists Forecast Job Growth Continued in September, Unemployment Rate Edged Down
-
Economists forecast 170,000 jobs were added in September and unemployment rate edged down to 3.7%
-
Jobs data comes after mixed signals from economic indicators like job openings and ADP private payrolls
-
Labor force participation rate rose to 62.8% in August, highest since pandemic began
-
UAW auto strikes not fully captured in September report due to timing, but impacts emerging
-
Layoffs still historically low, but announced job cuts in September highest since 2009 outside of 2020