Keeping you up to date on the latest data releases.
In September, payroll employment increased by 148,000 and the unemployment rate fell to 7.2 percent. On the household side of the report, there was a slight uptick in the total civilian labor force and the total number of persons employed, which was offset by a decline in the total civilian noninstitutional population. Meanwhile, both the labor force participation rate and the employment-to-population ratio were unchanged at 63.2 percent and 58.6 percent, respectively.
On the establishment side of the report, a downward revision of 15,000 jobs to July’s estimate combined with an upward revision of 24,000 jobs to August’s figure adds a total of 9,000 more jobs than previously reported. Over the past three months, payroll gains have improved by an average of roughly 143,000 each month and 185,000 over the past 12 months. Sectors that made notable gains were construction (up 20,000), wholesale (up 16,100), and transportation and warehousing (up 23,400). The sharpest declines came from leisure and hospitality, down 13,000, and nondurable goods, down 7,000. The average weekly hours worked remained 34.5 hours, while the both average hourly and weekly earnings ticked up to $24.09 and $831.11, respectively.