US economy adds fewer jobs than expected in September

MANAGE SUBSCRIPTIONS  |  UNSUBSCRIBE  |  VIEW ONLINE Breaking News October 02, 2015 Advertisement The US economy added 142,000 jobs in September, less than forecast. Economists had been expecting the economy to add 200,000 jobs. The unemployment rate held steady at 5.1%, a seven-year low. Average hourly earnings were flat month-over-month in September, below expectations for 0.2% growth. Ahead of this report, economists had noted that August and September nonfarm payrolls prints have been revised higher most of the time over the last decade. However, the August print was revised to 136,000 from 173,000 in Friday's report. Economists had noted that the broad-based slowdown in the manufacturing sector, and in employment, would likely show up in this report. Manufacturing employment fell 9,000 in September, versus expectations for no change. The year-over-year projection for hourly earnings growth, at +2.4%, was the most bullish forecast for wages in this economic cycle. Wages missed, at 2.2%. Here's what Wall Street was expecting: Nonfarm payrolls:+200,000 Unemployment rate: 5.1% Average hourly earnings, month-over-month: +0.2% Average hourly earnings, year-over-year: +2.4%  Average weekly hours worked: 34.6   SEE ALSO: Here's what 18 top Wall Street economists are expecting from the US jobs report SEE ALSO: The September jobs report is really about August Share this: Email sent to: nguyenvu1187.love5@blogger.com   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy 150 Fifth Avenue, 8th Floor New York, NY 10011 About Me love View my complete profile Powered by Blogger.