U.S. Job Growth Returns

Oct. 5, 2007
But manufacturing lost 18,000 jobs in Sept.

The U.S. economy generated 110,00 jobs in September, the Labor Department said Oct. 5, as it also revised its report from last month to show gains instead of losses.

September payrolls reflected a drop of 14,000 in construction and a loss of 18,000 in manufacturing, offset by gains of 35,000 jobs in leisure, 33,400 in health care and 37,100 in professional services.

The agency revised up its estimate for August to show a gain of 89,000 jobs, instead of a loss of 4,000.

The agency rate edged up to 4.7% from 4.6% as the number of job seekers increased.

The average monthly gain for the third quarter was 97,000 jobs a month, down from 126,000 on average in the second quarter and consistent with a cooling economy.

Average hourly earnings were up 0.4% in the month or 4.1% year over year to $17.57, suggesting rising incomes.

Copyright Agence France-Presse, 2007

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