Market Updates
U.S. Employers Add 148,000 Jobs, Unemployment Rate Falls to 7.2%
Mukesh Buch
22 Oct, 2013
New York City
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Employers at all levels added net new 148,000 jobs in September, according to a report released by the Department of Labor today. The report was delayed by two and a half week by the government shut down that began October 1.
Jobless Rate 7.2%, Employers Added 148,000 Jobs
Employers at all levels added net new 148,000 jobs in September, according to a report released by the Department of Labor today.
The report was delayed by two and a half week by the government shut down that began October 1.
In a separate report based on a different survey sample, the department said the unemployment rate declined to 7.2% from 7.3% in the previous month.
Businesses added 126,000 jobs and government at all levels added 22,000 jobs. Transportation and construction and private sector professional and business services led the job growth.
July job increase was revised lower to 89,000 from 104,000 and August jobs revised up to 193,000 from 169,000.
Long term unemployment, people out of work for at least six months, declined 144,000 to 4.1 million but still represented 37% of all unemployed.
The monthly job gains have steadily declined each quarter in the year. Employers added 207.000 in the first quarter, 182,000 in the second quarter and 143,000 in the third quarter.
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