US Jobs Creation Slips Again But Was Better Than Expected

The US economy added 263,000 new jobs in September, slowing for the second straight month and marking the lowest monthly total since April 2021, according to data from the US Department of Labor.

Despite the repeated decline in hiring, last month’s total was still solid by pre-pandemic standards and slightly ahead of the expected payroll additions. The unemployment rate fell to 3.5% in September, matching a five-decade low.

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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