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'Inching Towards Cooling': Economists React To The September Jobs Report On Twitter

Nonfarm payroll employment rose by 263,000 jobs in September, the U.S. Bureau of Labor Statistics reported Friday. The unemployment rate returned to 3.5%, once again matching the half-century low last seen in July


Employment growth for the month was led by the leisure and hospitality sector, which added 83,000 jobs in September, including 60,000 jobs at food services and drinking establishments.

Manufacturing and construction jobs also continued to trend up, with the manufacturing sector adding 22,000 jobs and construction adding 19,000. 

Monthly job growth has now averaged 420,000 jobs in 2022 compared with 562,000 per month in 2021.

Here's how economists and others reacted to the September jobs report on Twitter.