Friday, October 08, 2010

Nonfarm payroll employment falls 95,000

(RTTNews) - With another significant decrease in government employment offsetting continued job growth in the private sector, the Labor Department released a report on Friday showing that total employment saw a notable decrease in the month of September.

The report showed that non-farm payroll employment fell by 95,000 jobs in September following a revised decrease of 57,000 jobs in August. Economists had expected employment to come in flat compared to the loss of 54,000 jobs originally reported for the previous month.
BTW the U-6 unemployment measure jumped from 16.7% to 17.1%

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