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WEKU
WEKU
Scott Horsley

Stocks sink despite Friday's report that hiring cooled in September

Lisa Cook US Federal Reserve Inflation Nela Richardson ADP Labor Department Unemployment
A man walks past a "Now Hiring" sign in New York City on July 8, 2022. Signs that job growth cooled in September could help with uncomfortably high inflation. (ANGELA WEISS/AFP via Getty Images)

Hiring slowed in September, in a sign the red-hot job market may be cooling.

The Labor Department reported Friday that U.S. employers added 263,000 jobs last month — a modest decrease from the 315,000 jobs added in August. The unemployment rate dipped to 3.5%, matching a half-century low.

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