Only 51,000 Jobs Added in September

Oct. 6, 2006

U.S. employers added 51,000 jobs in September in a sign of cooling economic growth, the Labor Department said Oct. 6. The unemployment rate meanwhile, based on a separate survey, fell to 4.6% last month from 4.7%. The growth in payrolls, seen as one of ...

Agence France-Presse

U.S. employers added 51,000 jobs in September in a sign of cooling economic growth, the Labor Department said Oct. 6.

The unemployment rate meanwhile, based on a separate survey, fell to 4.6% last month from 4.7%.

The growth in payrolls, seen as one of the best indicators of economic momentum, was far weaker than the 120,000 new jobs expected by Wall Street analysts.

However, the report contained a sharp upward revision to August payrolls to show 188,000 new jobs instead of 128,000 in the past estimate.

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