Economy Adds 114,000 Jobs in September. July and August Revised Upward

There was a little bit of good news in the September job report from the Labor Department. 114,000 jobs were added in September. July and August were also revised upward by a total of 86,000 jobs. This makes for an average of 146,000 jobs created per month between July and September. It is an improvement and it is looking better than the first six months of the year as you can see on a chart here from the Wall Stret Journal. However, it is still shy of the 250,000 to 300,000 range we really need to pull out of the slump. The U.S. unemployment rate also fell to 7.8%. It will be interesting to see if retailers can help provide an additional boost with their holiday hiring. Take a look:

Posted on October 6, 2012

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