Unemployment Rate Falls , As Job Market Stays Strong.<br />In September, job growth fell short of expectations while the unemployment rate declined despite the Federal Reserve's efforts to slow the United States economy.<br />In September, job growth fell short of expectations while the unemployment rate declined despite the Federal Reserve's efforts to slow the United States economy.<br />NBC reports that nonfarm payrolls rose 263,000 for the month compared to prior Dow Jones estimates of 275,000.<br />Meanwhile, unemployment hit 3.5% as the labor force participation rate dropped to 62.3% and the size of the labor force shrunk to 57,000. .<br />The payroll figure for September decelerated and tied for the lowest monthly increase since April of last year.<br />Depending on your view of <br />optimism vs. pessimism, on <br />the economy, there’s a little bit of <br />something for everyone in this report, Liz Ann Sonders, chief investment strategist at Charles Schwab, via NBC.<br />Obviously, the market is not happy, <br />but the market is not happy<br />in general these days, Liz Ann Sonders, chief investment strategist at Charles Schwab, via NBC.<br />NBC reports that wage numbers <br />saw average hourly earnings rise 0.3% <br />on the month and 5% from a year ago.<br />The reports comes as the Fed has been making <br />moves to tackle inflation that's currently running <br />close to its highest annual rate in over 40 years.<br />The reports comes as the Fed has been making <br />moves to tackle inflation that's currently running <br />close to its highest annual rate in over 40 years.<br />So far, the U.S. central bank has raised <br />rates five times this year and is expected <br />to continue hiking into 2023.<br />So far, the U.S. central bank has raised <br />rates five times this year and is expected <br />to continue hiking into 2023.<br />According to officials at the Fed, the central bank <br />is aware that the rake hikes will inflict <br />"some pain" on consumers and the economy
