"HORSLEY: It's actually kind of a mixed picture. Depending on where you look, you could conclude the job market's holding up pretty well, or maybe not. Overall, employers added more jobs in September than forecasters expected - 119,000 - but we will see if that number holds up. You know, updated figures in the report show that hiring in July and August was weaker than initially reported, and economist Sarah House of Wells Fargo warns that could happen with the September numbers as well."
"HORSLEY: And while job gains did seem firm in some industries, like restaurants and health care, factories and warehouses cut workers in September, and the unemployment rate actually inched up a little bit. Overall, the report shows a job market that has some cracks in it, but doesn't look like it's about to crumble. CHANG: Yeah, but as we said, by now this report is a little outdated - right? - so how much weight should we actually give it?"
A government shutdown delayed the Labor Department's employment data release by nearly seven weeks. Employers added 119,000 jobs in September, a figure below many expectations. Revised data show hiring in July and August was weaker than initially reported, raising the likelihood that September employment may be revised downward in coming months. Job gains were concentrated in restaurants and health care, while factories and warehouses shed workers. The unemployment rate inched up slightly. Overall, the labor market displays fragility in certain sectors but no immediate signs of a collapse.
Read at www.npr.org
Unable to calculate read time
Collection
[
|
...
]