U.S. nonfarm payrolls exceed expectations with 254K jobs added in September

U.S. nonfarm payroll employment increased by 254,000 in September. This was well above market expectations, which predicted an increase of 147,000, according to Investing.com, which draws data from the U.S. Bureau of Labor Statistics. The unemployment rate stood at 4.1%, slightly lower than the forecasted rate of 4.2%.