Tuesday, October 17th, 2017

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U.S. Adds 103,000 Jobs in September

Healthcare saw the biggest employment gains in September.The U.S. economy demonstrated some resiliency in September, seeing a net gain in jobs, according to the latest release from the Bureau of Labor Statistics.

The BLS data suggests that the U.S. actually added 103,000 jobs last month, nearly double the 57,000 jobs added in August. More importantly, there was actually an increase of 137,000 jobs in the private sector, counterbalanced by a 34,000 job loss in government.

The largest gains were seen within professional services and healthcare, followed closely by information technology. The latter additions could come from the end of the strike at Verizon, which accounted for the largest part of job losses in August.

The New York Times notes that the surprising gains provide some positive news for an economy that seems to be on the verge of a double-dip recession. Overall, analysts expected growth of around 55,000 jobs, even less than August.

The news was not entirely positive, however, as the unemployment rate remains unchanged because of 86,000 new entrants to the workforce. In addition, the manufacturing sector lost 13,000 jobs, largely in the crucial durable goods sector.

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One Response to U.S. Adds 103,000 Jobs in September

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