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Economy Gains 136,000 Jobs in September; Unemployment Declines to 3.5%

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The U.S. economy gained 136,000 jobs in September, and the unemployment rate declined to 3.5%, according to figures released this morning by the U.S. Bureau of Labor Statistics.

In response to the September job numbers, AFL-CIO Chief Economist William Spriggs said: “It is surprising the rate of job creation has slowed, and the rate of labor force participation has stayed almost constant but this lower job growth is sufficient to keep the share of people with jobs rising slightly, and unemployment falling. It clearly reflects the slowing growth rate of the American workforce as the Baby Boom ages.” He also tweeted:

 

 

 

 

 

Last month’s biggest job gains were in health care (39,000), professional and business services (34,000), government (22,000), and transportation and warehousing (16,000). Employment declined in retail trade (-11,000). Employment in other major industries, including mining, construction, manufacturing, wholesale trade, information, financial activities, and leisure and hospitality, showed little change over the month.

Among the major worker groups, the unemployment rates for teenagers (12.5%), blacks (5.5%), Hispanics (3.9%), adult men (3.2%), whites (3.4%), adult women (3.1%) and Asians (2.5%) showed little or no change in September.

The number of long-term unemployed (those jobless for 27 weeks or more) rose in September and accounted for 22.7% of the unemployed.

This blog was originally published by the AFL-CIO on October 4, 2019. Reprinted with permission. 

About the Author: Kenneth Quinnell is a long-time blogger, campaign staffer and political activist. Before joining the AFL-CIO in 2012, he worked as labor reporter for the blog Crooks and Liars.


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