US Unemployment Rate Falls to 7.8 Percent in September, 114K Jobs Added

US Jobless Rate:  The Bureau of Labor Statistics reports that the unemployment rate decreased to 7.8 percent in September, and total nonfarm payroll employment rose by 114,000. Employment increased in health care and in transportation and warehousing but changed little in most other major industries. The unemployment rate in the black community ticks down to 13.4 percent.

Among the major worker groups, the unemployment rates for adult men (7.3 percent), adult women (7.0 percent), and whites (7.0 percent) declined over the month. The unemployment rates for teenagers (23.7 percent), blacks (13.4 percent), and
Hispanics (9.9 percent) were little changed. The jobless rate for Asians, at 4.8 percent (not seasonally adjusted), fell over the year. Source: BLS

This was cross-posted from The Hinterland Gazette.

Author: JANET SHAN

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