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RAIL EMPLOYMENT

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10/11/2011



Rail News: Labor

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


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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.


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