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US: Total nonfarm payroll employment increased by 134,000 in September vs. 185,000 expected
"The unemployment rate declined to 3.7 percent in September, and total nonfarm payroll employment increased by 134,000, " the U.S. Bureau of Labor Statistics announced on Friday.
Key takeaways from the official publication
- The unemployment rate declined by 0.2 percentage point to 3.7 percent in September, and the number of unemployed persons decreased by 270,000 to 6.0 million.
- In September, the labor force participation rate remained at 62.7 percent, and the employment-population ratio, at 60.4 percent, was little changed.
- The number of persons employed part time for economic reasons (sometimes referred to as involuntary part- time workers) increased by 263,000 to 4.6 million in September.
- The average workweek for all employees on private nonfarm payrolls remained unchanged at 34.5 hours in September.
- In September, average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents to $27.24.
- Over the year, average hourly earnings have increased by 73 cents, or 2.8 percent.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
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