Job growth slow in September, but unemployment rate fell to 4.6%
- Nonfarm payroll jobs added in September: 51,000
- Unemployment Rate: 4.6%, down from 4.7%
- Average Hourly Earnings: up 0.2% to $16.84
- Jobless claims during the week of 9/30: down 17k to 302,000
Average hourly earnings of production or nonsupervisory workers on private nonfarm payrolls rose by 4 cents, or 0.2%, in September to $16.84, seasonally adjusted. Over the year average hourly earnings increased by 4.0%.
In the week ending Sept. 30, the advance figure for seasonally adjusted initial claims was 302,000, a decrease of 17,000 from the previous week's revised figure of 319,000, according to U.S. Department of Labor. . The 4-week moving average was 313,500, a decrease of 2,750 from the previous week's revised average of 316,250