September jobs report: US economy adds 119,000 jobs amid economic uncertainty

The US economy added jobs in September on the back of economic uncertainty, but job creation levels remained relatively subdued, further reinforcing signs of a weakening labor market.

The Department of Labor reported Thursday that employers: Added 119,000 jobs The September figure was higher than expected by economists surveyed by LSEG.

of unemployment rate It rose to 4.4% in September, which was higher than economists expected.

The September employment report was originally scheduled to be released on October 3, but was delayed by a month and a half after the 43-day government shutdown furloughed the Bureau of Labor Statistics (BLS) employees responsible for preparing the report.

Both job gains over the past two months were revised in September’s report, with job creation falling by 7,000 jobs in July, from an increase of 79,000 to 72,000. Meanwhile, job creation for August was revised downward by 26,000, from an increase of 22,000 to a decrease of 4,000.

Taken together, the number of employees in July and August combined decreased by 33,000 from the previous report.

Amid economic uncertainty, U.S. job growth fell short of expectations in August

Private payrolls rose by 97,000 jobs in September, exceeding the LSEG estimate of 62,000 jobs.

Government payrolls rose by 22,000 people in September, after falling by the same amount in August. State governments added 16,000 jobs and local governments added 9,000 jobs in September, while the federal government cut 3,000 jobs.

The Bureau of Labor Statistics noted that federal employment has fallen by 97,000 jobs since its peak in January. It also noted that federal employees who are on paid leave or receive ongoing retirement benefits are counted as employed in agency establishment surveys.

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Manufacturing lost 6,000 jobs in September, a smaller decline than the 8,000 job losses estimated by LSEG economists. Overall, manufacturing employment fell by 94,000 on a seasonally adjusted basis from a year earlier.

Healthcare companies added 43,000 jobs in September, slightly above last year’s 12-month average of 42,000, led by growth in outpatient medical services (up 23,000) and hospitals (up 16,000).

Food services and restaurants added 37,000 jobs in September, and social services added 14,000 jobs in the same month.

The transportation and warehousing industry lost 25,000 jobs in September, due to losses in warehousing and storage (-11,000 jobs) and couriers and messengers (-7,000 jobs).

The labor force participation rate was 62.4% in September, little changed over the month and over the past year. The employment-population ratio remained largely unchanged at 59.7% in September, but it was down 0.4 percentage points from last year.

The number of long-term unemployed people, defined as those who have been unemployed for 27 weeks or more, remained little changed at 1.8 million in September. Long-term unemployed people accounted for 23.6% of the total unemployed people in the same month.

The number of workers employed part-time for economic reasons remained almost unchanged at 4.6 million in September. These people wanted full-time employment but worked part-time because their hours were reduced or they were unable to find full-time work.

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