US nonfarm payrolls increased at slower pace than expected

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Lerato Khumalo

The data, which was announced as 162,000 last month, was revised to 133,000.

70 economists surveyed by Reuters expected nonfarm payrolls to rise by 90,000 in September.

Labor force participation increased from 61.6 percent to 61.8 percent in September.

The US Labor Department announced that the unemployment rate increased to 4.2 percent in September. Last month, the unemployment rate was announced as 4.1 percent.

Economists surveyed by Reuters predicted that the unemployment rate would remain at 4.1 percent.

Average hourly wages in the US fell to 0.1 percent in September. Expectations were that hourly wages would increase by 0.3 percent.

The annual increase in average hourly wages decreased to 3 percent from 3.1 percent in the previous month.