10.07.2016
The U.S. economy continued to create jobs at a modest pace in September according to the Bureau of Labor Statistics. Employers added 156000 jobs in September. Job growth in August was revised to 167000 up from initially estimated 151000. Over the past three months job growth has averaged 191700 additions a month.
Average hourly earnings rose 2.6 percent through September slightly better than July’s increase of 2.4 percent. Throughout 2015 annual wage growth averaged 2.3 percent.
Though the jobless rate of 5.0 percent slightly increased in September the rate has shown little net movement since August 2015. More individuals are returning to the workforce while labor market conditions are tightening.
The full BLS press release on September 2016 employment situation can be accessed in the link below:
The next employment situation report for October 2016 will be released on Friday November 4 2016.
