"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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.