US economy added 254,000 jobs in September, well above expectations

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U.S. job growth picked up in September, beating economists’ expectations, while the unemployment rate was little changed.

The Labor Department on Friday reported that employers added 254,000 jobs in September, well above the 140,000 gain that was predicted by LSEG economists.

The unemployment rate declined slightly from a month ago at 4.1%.

This is a developing story. Please check back for updates.

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