Economy Added Just 103,000 Jobs in September
Posted on October 7, 2011The economy gained 103,000 jobs in September, but the trend is still downward. The Bureau of Labor Statistics says that since April, payroll employment has increased by an average of 72,000 per month, compared with an average of 161,000 for the prior 7 months. This month's job report was partially boosted by the return of 45,000 telecommunications workers from an August strike. Unemployment remains at 9.1%.
The government says there was an increase in construction employment of 26,000. However, the crucial area of manufacturing lost 13,000 jobs in September. Retail also shedded 9,000 jobs in September. This area should start adding jobs this time of year.
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