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Job Report in US (September 2020) – Employment rose by 661,000 and unemployment declined to 7.9 percent

Total nonfarm payroll employment rose by 661,000 in September, and the unemployment rate declined to 7.9 percent, the U.S. Bureau of Labor Statistics reported today.

These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In September, notable job gains occurred in leisure and hospitality, in retail trade, in health care and social assistance, and in professional and business services. Employment in government declined over the month, mainly in state and local government education.

Household Survey Data

In September, the unemployment rate declined by 0.5 percentage point to 7.9 percent,and the number of unemployed persons fell by 1.0 million to 12.6 million. Both measures have declined for 5 consecutive months but are higher than in February, by4.4 percentage points and 6.8 million, respectively.

Chosen excerpts by Job Market Monitor. Read the whole story @ Employment Situation Summary

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