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Unemployment picture changes little in September with 156,000 jobs added


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Unemployment picture changes little in September with 156,000 jobs added

The nation's employment picture did not change significantlySeptember, as the economy added 156,000 nonfarm payroll jobs during the month,according to the U.S. Department of Labor's Employment Situation report.

Economists expected the nation to add 168,000 jobs duringthe month, according to Econoday data available from Bloomberg.The unemployment rate came in at 5.0%, compared to the 4.9% economists expectedfor the month.

The labor force participation rate was 62.9%, while theemployment-population ratio came it at 59.8% — ­­both numbers registeringchanges within about a half a percentage point.

The Labor Department revised the increase in nonfarm payrolls downto 252,000 from 275,000. The number for August was revised up to 167,000 from 151,000.

Job gains during the last three months averaged 192,000 permonth.

The number of people reported as involuntary part-timeworkers who would rather be working full-time was 5.9 million.

The number of people marginally attached to the work force,who wanted to work and were available and had looked for jobs recently, was 1.8million. Within that group, the data showed there were 553,000 discouragedworkers, who were not looking for work because they did not believe jobs wereavailable.

Hourly earnings for private nonfarm payrolls went up 6 centsto $25.79. During the year, earnings have increased by 2.6%.

Professional and business services added 67,000 jobs inSeptember. The sector has gained 582,000 jobs during the year. Healthcare added33,000 positions and food services and drinking places added 30,000.

September saw little change in mining, a sector that haslost 220,000 jobs from its peak in September 2014.

Employment in construction, manufacturing, wholesale tradefinancial activities and government changed little during September.

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