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Key points:
US employers added 119,000 jobs in September and the unemployment rate ticked up to 4.4%, according to the Bureau of Labor Statistics. Job gains continue to be concentrated in a few industries, with healthcare & social assistance, and leisure & hospitality adding 87% of the jobs in September. Preliminary job growth from July and August was revised down by a combined 33,000 jobs.
Today’s jobs report, originally scheduled for release on October 3, shows that unemployment edged up slightly to 4.4% while employers added 119,000 jobs in September. The headline job gains are encouraging, but the