The Economic Information Agency reported on the 5th that the U.S. Bureau of Labor Statistics announced last Friday (the 2nd) that non-agricultural payroll jobs increased by 29,000 in September, far below the market expectation of 90,000. The unemployment rate rose from 4.1% in August to 4.2%, slightly higher than the market expectation of 4.1%.
Non-farm data showed that employment growth in the past two months was weaker than previously reported figures. July's non-farm job gains were revised down from an initial 21,000 to a loss of 10,000; August was revised down from 162,000 to 133,000, totaling 60,000 fewer jobs than previously reported over the two months.
In major sectors in September, healthcare added 17,000 jobs, construction added 11,000, manufacturing added 9,000; financial activities decreased by 7,000. Over the past 12 months, the average monthly non-farm employment increase was about 45,000, and September's increase remained below that level. (yc)
Non-farm data showed that employment growth in the past two months was weaker than previously reported figures. July's non-farm job gains were revised down from an initial 21,000 to a loss of 10,000; August was revised down from 162,000 to 133,000, totaling 60,000 fewer jobs than previously reported over the two months.
In major sectors in September, healthcare added 17,000 jobs, construction added 11,000, manufacturing added 9,000; financial activities decreased by 7,000. Over the past 12 months, the average monthly non-farm employment increase was about 45,000, and September's increase remained below that level. (yc)
