U.S. Payrolls Rise Less Than Expected in September

Total nonfarm payroll employment increased by 148,000 in September, with gains in construction, wholesale trade, and transportation and warehousing. Over the prior 12 months, employment growth averaged 185,000 per month.
BLS | Nuno Fontes | nuno@tradingeconomics.com 10/22/2013 1:44:06 PM
Employment in construction rose by 20,000 and in wholesale trade by 16,000. Transportation and warehousing added 23,000 jobs in September. Most of the increase occurred in transit and ground passenger transportation (+18,000).

Employment in professional and business services continued to expand (+32,000). Over the prior 12 months, employment growth in this industry averaged 52,000 per month. Employment in temporary help services continued to trend up in September (+20,000).

Within retail trade, job gains occurred in building material and garden supply stores (+5,000) and in automobile dealers (+4,000). In the financial activities industry, employment in credit intermediation and related activities declined by 8,000 in September.

Employment in health care changed little (+7,000) in September, while in other major industries, including mining and logging, manufacturing, information, and government, it showed little change. 

The change in total nonfarm payroll employment for July was revised from +104,000 to +89,000, and the change for August was revised from +169,000 to +193,000. With these revisions, employment gains in July and August combined were 9,000 more than previously reported.

U.S. Payrolls Rise Less Than Expected in September