September Payrolls Rise; Unemployment Rises to 4.7%
U.S. payrolls rose in September but the unemployment rose to 4.7% in September from 4.6% in August, the Labor Department said Friday.
The 110,000 jobs gain was above economists’ forecasts of a 100,000 increase, while the unemployment rate was in line with predictions, Bloomberg reported
Manufacturers’ payrolls fell by 18,000, following a 45,000-jobs downturn in August.
Service industries added 143,000 workers, down from a gain of 153,000 the previous month.
The unemployment-rate gauge is based on a survey of households. The number of payroll jobs added is determined by a separate survey of business and government establishments.
