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U.S. labor department data: September job growth slightly better than expected


In September, 103,000 jobs were added to the U.S. economy, according to the U.S. Department of Labor. In its latest monthly report, the department also revised the August employment figure to a gain of 57,000 jobs versus an initial finding of no net growth.

The slightly encouraging September report comes amid economist warnings that the nation might be headed back into a recession. Recently, more discouraging federal data was released on consumer confidence and the U.S. housing market.

Although employment growth was a tad better than expected in September — besting a projected 60,000 jobs — the unemployment rate stood pat, holding steady at 9.1 percent for a third-straight month. Weekly unemployment applications increased by 6,000 to a seasonally adjusted 401,000.

Contact Progressive Railroading editorial staff.

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