fbpx
Sunday, October 17, 2021
No menu items!

U.S. job growth ‘not quite as bad,’ says analyst

U.S. employment increased far less than expected in September amid a decline in government payrolls, but hiring could pick up in the months ahead as COVID-19 infections subside and people resume the search for work.

The Labor Department said in its closely watched employment report on Friday (October 8) that nonfarm payrolls increased by 194,000 jobs last month.

Data for August was revised to show 366,000 jobs created instead of the previously reported 235,000 positions.

Economists polled by Reuters had forecast payrolls increasing by 500,000 jobs.

Estimates ranged from as high as 700,000 jobs to as low as 250,000.

The unemployment rate fell to 4.8% from 5.2% in August.

(Production: Aleksandra Michalska)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Smoke from Alisal fire in California seen from ISS

Plumes of smoke billowing from the Alisal fire that has been raging in California were seen from...

Pakistan’s Chaman border, closed for days due to fear of Afghans influx

A day after protesters took to the streets of Chaman to demand for the border crossing into Afghanistan to re-open, scores were...

Devotees in Nepal celebrate Hindu festival of Dashain

In celebration of the Hindu festival of Dashain, devotees in Nepal on Friday (October 15) placed a layer of cow dung on...

ETF approval could create ‘huge’ demand for bitcoin

Bitcoin hit $60,000 for the first time in six months on Friday (October 15), nearing its all-time high, as hopes grew that...

Ex-President Bill Clinton recovering in hospital from infection

Former U.S. President Bill Clinton remained in a California hospital on Friday (October 15), where he was recovering from a non-coronavirus infection...

More Articles Like This