Monday, October 10, 2022

Unemployment down to 3.5% in September, payroll employments up 263,000

Via the Bureau of Labor Statistics: 
The unemployment rate edged down to 3.5 percent in September, returning to its July level.
The number of unemployed persons edged down to 5.8 million in September. (See table A-1.)

Total nonfarm payroll employment increased by 263,000 in September. Monthly job growth has averaged 420,000 thus far in 2022, compared with 562,000 per month in 2021. In September, notable job gains occurred in leisure and hospitality and in health care. (See table B-1.)

Leisure and hospitality added 83,000 jobs in September, in line with the average monthly 
job gain over the first 8 months of the year. Within the industry, employment in food 
services and drinking places rose by 60,000 in September. Employment in leisure and 
hospitality is below its pre-pandemic February 2020 level by 1.1 million, or 6.7 percent.

Still no signs of an employment recession in the news. 

No comments:

Post a Comment

looks like Blogger doesn't work with anonymous comments from Chrome browsers at the moment - works in Microsoft Edge, or from Chrome with a Blogger account - sorry! CJ 3/21/20