WSJ on today's Employment Report–Payrolls Rise as Striking Workers Return

The U.S. economy added more jobs than expected last month, and employment gains for the previous two months were revised higher, providing some hope for the weak labor market.

Nonfarm payrolls rose by 103,000 in September as the private sector added 137,000 jobs, the Labor Department said Friday in its survey of employers. Payrolls data for the previous two months were revised up by a total 99,000 to show 57,000 jobs were added in August and 127,000 jobs in July.

However, the September payrolls data was boosted by a one-time event: 45,000 telecom workers returning to their jobs following a strike at Verizon Communications Inc. in August.

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Posted in * Economics, Politics, Consumer/consumer spending, Economy, Labor/Labor Unions/Labor Market, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government