CNN reports: “Payrolls in surprise increase; unemployment rate steady.”
“U.S. payrolls grew in September for the first time in eight months.”
“Unemployment held steady at 6.1 percent in September. . .. Payrolls outside the farm sector rose by 57,000 jobs after falling a revised 41,000 in August. It was the first gain for payrolls since 158,000 in January.”
Strangely, this month the household survey varied from the payroll figures in the opposite direction compared to the disparity of previous months, which I had noted recently. It showed a loss of 52,000 jobs.
“Nine million people were unemployed in September, the department said, 2.1 million of whom have been out of work for 27 weeks or longer. The average duration of unemployment was 19.7 weeks and has in recent months been the longest since 1984.”
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