The nation’s jobless rate ticked down to 7.2 percent in September from 7.3 percent in August, the Bureau of Labor Statistics said Tuesday.
But just 148,000 were added to public and private payrolls. That’s below the 180,000 economists expected. It’s yet another sign that job growth remains soft.
We’ll have more from the report, as well as reactions to it, as the morning continues. Hit your “refresh” button to be sure you’re seeing our latest updates.
Update at 8:40 a.m. ET. Good And Bad News In The Revisions:
For the second report in a row, BLS sharply reduced its estimate of job growth in July. It initially thought employers had added 162,000 jobs to their payrolls that month. In a subsequent report, it pegged growth at 104,000 jobs. Tuesday, it said employers had added just 89,000 jobs in July.
But at the same time, BLS on Tuesday revised up its estimate of the job growth in August. Initially, it said there had been 169,000 jobs added. Now, it estimates there were 193,000 more people on payrolls.