In September, total nonfarm payrolls increased by 96,000. The Commissioner’s Statement from the Bureau of Labor Statistics indicated that the hurricanes had no apparent impact on employment in September. The average monthly employment gain in the third quarter was 103,000, roughly half of the average gain for the first half of the year.
Suggested citation: "Labor Markets," Federal Reserve Bank of Cleveland, Economic Trends, no. 04-10, pp. 12, 10.01.2004.