September jobs report showed a larger-than-expected increase in nonfarm payroll employment, but overall unemployment continued to rise, according to data released Nov. 20 by the Bureau of Labor Statistics. The data release was delayed by the government shutdown earlier this month.
The unemployment rate in September rose to 4.4 percent, the highest since October 2021. A broader measure that includes those not looking for jobs or working part-time for economic reasons edged lower to 8 percent, reported CNBC.
Nonfarm payrolls added 119,000 positions in September. The amount more than double than Wall Street's expectations of 50,000 jobs added, reported Quartz.
Average hourly earnings rose 0.2 percent for the month; a 3.8 percent rise compared with September 2024.
“September’s jobs report shows the labor market still had resilience before the shutdown, beating pa
