The U.S. economy added 194,000 jobs in September and the unemployment rate fell by 0.4 percent to 4.8 percent, Labor Department reported Friday.
The September numbers are even worse than the disastrous report from August, showing only 235,000 jobs created. (August’s reported gains were revised up, however, from 235,000 to 366,000.)
The sluggish pace of jobs created surprised experts again, as they predicted about 500,000 jobs created, but the economy fell short again.
The jobs numbers were expected to rise significantly in September, as expanded unemployment checks from the federal government expired.
But the report shows that Americans continue to sit on the sidelines as the Delta variant of the coronavirus continues to spread.
The labor force participation rate ticked down to 61.7 percent from the 61.8 rate in August, but largely within the average since the pandemic hit.
The numbers show that the economy has not yet gotten back to normal, as some industries performed worse than in August.
Leisure and hospitality jobs...
Read More HERE
No comments:
Post a Comment
Test Word Verification