The U.S. economy saw another 661,000 jobs added back in September and a modest improvement in the unemployment rate, as the recovery in the labor market continues at a stagnating rate.
The Labor Department released its September jobs report Friday morning, and some highlights, as compiled by Bloomberg, are:
Change in non-farm payrolls: 661,000 vs. 859,000 expected; that figure was plus 1.5 million in August.
Unemployment rate: 7.9 percent vs. 8.2 percent expected; it was 8.4 percent in August
The addition in non-farm payrolls marked the fifth straight month of net job gains. July’s payroll gains were upwardly revised by 27,000 to 1.8 million, and August’s were revised up by 118,000 to 1.5 million.
Still, the economy remains far from recovering the jobs lost during the height of the pandemic period in March and April. Between those two months, employment fell by more than 22 million. Through September, just 11.4 million jobs were brought back.
Click here to see the full report from Emily McCormick at Yahoo Finance.
