Nation added only 148,000 jobs in September

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The nation`s job report for September suggests employers kept a lid on hiring as the government shutdown loomed, providing more optimism that the Federal Reserve is unlikely to scale back its monthly bond purchases aimed at boosting the economy. The Labor Department said Tuesday that employers added 148,000 jobs last

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Professional and business services added 51,000 jobs in June, following little employment change in May (+24,000). Employment growth in the industry has averaged 35,000 per month in the first half of 2019, compared with an average monthly gain of 47,000 in 2018.

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However, employers added only 148,000 jobs in September. U.S. employers added 148,000 jobs in September, with the unemployment rate falling to 7.2 percent, the labor department reported tuesday. Though the jobless rate dropped, the payrolls figure comes in well below consensus expectations, which were at 185,000, according to Bloomberg.

behind only the 324,000 jobs created in February. "The 99th straight month of gains indicates that labor market remains robust and that the economy remains quite strong despite recent turmoil in the.

Data from the report shows that the economy added only 148,000 jobs in September, bringing the current unemployment rate from 7.3 to 7.2 percent. Among the growth, businesses added just over 126,000 jobs while federal, state, and local governments added only 22,000, notes USA Today.

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