BREAKING: US Adds 254,000 Jobs in September; Unemployment 4.1%

Total nonfarm payroll employment increased by 254,000 in September, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in food services and drinking places, health care, government, social assistance, and construction. ...

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In September, average hourly earnings for all employees on private nonfarm payrolls increased by 13 cents, or 0.4 percent, to $35.36. Over the past 12 months, average hourly earnings have increased by 4.0 percent. In September, average hourly earnings of private-sector production and nonsupervisory employees increased by 8 cents, or 0.3 percent, to $30.33. (See tables B-3 and B-8.)

The average workweek for all employees on private nonfarm payrolls edged down by 0.1 hour to 34.2 hours in September. In manufacturing, the average workweek was unchanged at 40.0 hours, and overtime edged down by 0.1 hour to 2.9 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls remained at 33.7 hours. (See tables B-2 and B-7.)

Ed Morrissey

This is a pretty good report. Wages are higher than inflation, job creation sped back up, perhaps in anticipation of that larger Fed rate cut midway through the month, and joblessness edged down. The revisions to previous months were all positive for once too; BLS added 72,000 jobs to July and August reports. Expect to hear some bragging from the White House. 

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