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The Employment Situation - September 2023
Total nonfarm payroll employment rose by 336,000 in September, and the unemployment rate was unchanged at 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in leisure and hospitality; government; health care; professional, scientific, and technical services; and social assistance. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and ... (full story)
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Employment growth unexpectedly picks up with 336,000 jobs added in September
The economy beat expectations in September and added 336,000 jobs, the Bureau of Labor Statistics reported Friday, a sign that the labor market has momentum despite the Federal Reserve’s interest rate hikes. The jobs will bolster the messaging coming out of the White House, which has been working to credit President Joe Biden for the strong job creation over the past year. The report shows that jobs are still being added and that the unemployment rate still remains low by historical standards. The unemployment rate remained at 3.8% in September. The Fed has carried out a historic effort to tighten monetary policy ... (full story)
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