The economy added a modest and lower-than-expected 194,000 jobs in September, while the unemployment rate fell to 4.8%. The figures, from the Bureau of Labor Statistics, were another indication of …
, were another indication of the toll that the Delta variant has had on Americans returning to the workforce, with the second straight month of job growth that has been disappointing.
Leisure and hospitality jobs increased by 74,000 in September, with 43,000 in arts, entertainment, and recreation. But there was little change in employment in employment of restaurant workers. There was a 14,000 job uptick in movie and sound recording, as well as 11,000 in publishing. Jason Furman, Harvard professor and chairman of the Council of Economic Advisers under President Barack Obama, wrote on Twitter that the numbers are “worse than we would like but better than they look. Most important is the headline: 194,000 jobs.” He noted, among other things, that nominal wages are up, along with hours.
One figure cited by the BLS was the 13.2% of those who have been teleworking — that is essentially unchanged from the prior month. There is some expectation that the numbers will improve in October, as Covid-19 cases began to fall in late September.
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