Employers added 263,000 jobs last month, the Labor Department said on Friday — the slowest month of hiring in 18 months. The biggest gains were in leisure and hospitality and health care.
The unemployment rate fell to a 50-year low of 3.5% in September as businesses continued to hire from a shrinking pool of workers.
The figures show that the job market remains tight even as job gains slow in the wake of higher interest rates and economic unease.
This is a developing story.