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

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 to 4.1%.

The number of jobs added in the two prior months were both revised upwards, with job creation in July revised up by 55,000 from a gain of 89,000 to 144,000, while August was revised up by 17,000 from a gain of 142,000 to 159,000.

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