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United States

U.S. Employment Rises Much Less Than Expected In September

Employment in the U.S. increased by much less than expected in the month of September, according to a report released by the Labor Department on Tuesday.

The report said non-farm payroll employment increased by 148,000 jobs in September compared to economist estimates for an increase of about 180,000 jobs.

While the job growth in August was upwardly revised to show an increase of 193,000 jobs compared to the previously reported addition of 169,000 jobs, the increase in jobs in July was downwardly revised to 89,000 from 104,000.

The revisions to the two previous months reflect a net increase of 9,000 jobs compared to the previously reported numbers.

Despite the weaker than expected job growth in September, the unemployment rate dipped to 7.2 percent from 7.3 percent in August.

The September jobs report was originally scheduled for release on October 4th but was delayed as a result of the government shutdown.

by RTT Staff Writer