Economy
October 9, 2015
Net Job Creation through September 2015
Written by Peter Wright
The Bureau of Labor Statistics (BLS) analysis of non-farm employment reported on Friday that 142,000 jobs were added in September which was well below consensus expectations of about 200,000. In addition July was revised down from 245,000 to 223,000 and August was revised down from 173,000 to 136,000. An upward revision for August had been expected.
The average monthly gain for the third quarter was only 167,000. The unemployment rate, calculated from a different survey, was unchanged at 5.1 percent. Monthly job gains have averaged 198,000 per month in the nine months of 2015. The three month moving average (3MMA) of gains through September was 167,000 which was down by 34,000 from August (Figure 1).
