The US added only 194,000 jobs in September, another troubling sign that Covid is disrupting the economy. The unemployment rate fell to 4.8 percent.
It marked the second-straight month in which the US economy added far fewer jobs than expected. Jobs growth slowed down dramatically in August.The unemployment rate declined to 4.8% in September, the Bureau of Labor Statistics said Friday, down from 5.2% in August.But, if you're an optimist, there is reason to be hopeful about the future: The surveys behind the jobs report were completed around the middle of September when Covid infections began to plateau.
"Mixed signalsIn the late summer, rising Covid-19 infections from the Delta variant kept people at home. Many grew wary of spending time in large groups. Hiring in restaurants and bars was thin last month as customers avoided travel and dining. Leisure and hospitality employers added just 74,000 jobs last month, far underperforming the industry's monthly average gain of 197,000 this year. The leisure and hospitality industry bore the worst of the pandemic-linked layoffs last year.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. economy, plagued by worker shortages, added just 194,000 jobs in SeptemberJUST IN: U.S. economy added just 194,000 jobs in September, as a critical shortage of workers continues to hamper the nation's economic growth.
Read more »
U.S. job growth slows sharply in September; unemployment rate falls to 4.8%U.S. employment increased far less than expected in September amid a decline in government payrolls, but hiring could pick up in the months ahead as COVID-19 infections subside and people resume the search for work.
Read more »
Biden, Xi plan U.S.-China virtual summit before year's end, U.S. saysThe United States and China have agreed in principle for their presidents to hold a virtual meeting before the end of the year, a senior U.S. administration official said on Wednesday, after high-level talks aimed at improving communication between the two countries.
Read more »
U.S. charges former Taliban commander with killing U.S. troops in 2008A former Taliban commander already in U.S. custody has been charged with murder and terrorism-related offenses in the deaths of three U.S. troops and an Afghan interpreter and the downing of a U.S. helicopter in Afghanistan in 2008, federal prosecutors in New York said on Thursday.
Read more »
U.S. job growth seen picking up after Delta setbackU.S. job growth likely accelerated in September as the summer wave of COVID-19 infections began to subside, fueling demand for high-contact services like dining out, and positioning the Federal Reserve to start scaling back its monthly bond buying.
Read more »
Let’s Revisit October 2020, a Truly Wild Month in U.S. PoliticsTrump’s COVID ordeal. Amy Coney Barrett’s rushed confirmation. Rudy Giuliani’s “October surprise” flop. It all went down one year ago.
Read more »