Labor markets rebounded in September after two consecutive declines in monthly employment. The return of 75,000 striking workers contributed to last month’s net gain of 252,000, but the main cause was strong growth in the services industry. Gains in services also offset the continued loss of temporary decennial census workers (27,000 census jobs ended last month) and manufacturing workers (down more than 200,000 over the last two months). Strong overall monthly employment gains also contributed to the 0.2% decrease in the unemployment rate, which now stands at 3.9%.
Suggested citation: "Labor Markets," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-10, pp. 12, 10.01.2000.