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Wednesday, October 20, 2021
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U.S. job growth ‘not quite as bad,’ says analyst

U.S. employment increased far less than expected in September amid a decline in government payrolls, but hiring could pick up in the months ahead as COVID-19 infections subside and people resume the search for work.

The Labor Department said in its closely watched employment report on Friday (October 8) that nonfarm payrolls increased by 194,000 jobs last month.

Data for August was revised to show 366,000 jobs created instead of the previously reported 235,000 positions.

Economists polled by Reuters had forecast payrolls increasing by 500,000 jobs.

Estimates ranged from as high as 700,000 jobs to as low as 250,000.

The unemployment rate fell to 4.8% from 5.2% in August.

(Production: Aleksandra Michalska)

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