Tagged: U.S. Bureau of Labor Statistics

Adds 263,000 jobs in September; unemployment rate dips to 3.5%

Rose 0.1% from July, but dips to 8.3% annually — likely not enough to alter Fed plans for another rate hike.

Job growth slowed to 315,000, but likely not enough to keep the Fed from raising rates later this month.

Consumer Price Index also was unchanged in July from June.

Number slightly higher than expected, contradicting recession predictions.

It was the largest 12-month increase since December 1981.

Economists say numbers appear to support Fed's efforts to tighten the economy.

Economy added 428,000 jobs in April; unemployment unchanged.

Increases in energy, food, and shelter costs drove the increases.

Consumer Price Index rose 0.8% in February, but is up 7.9% year-over-year led by energy and food prices.