US added surprising 119K jobs, delayed Sept. report shows
We are learning more after the Department of Labor announced that the U.S. economy added 119,000 jobs in September, higher than economists' estimates. The unemployment rate rose to 4.4% in September, which was also greater than expectations. LiveNOW’s Mike Pache is learning more about how the government shutdown will impact the economy and jobs numbers heading into the end of the year. He is joined by Megan Leonhardt, a senior writer for Barron's covering economic issues.Job gains in the prior two months were both revised in the September report, with job creation in July revised down by 7,000 from a gain of 79,000 to 72,000; while August job creation for August was revised down by 26,000 from a gain of 22,000 to a loss of 4,000. Taken together, employment in July and August combined was 33,000 lower than previously reported.
Even though much of the job's data in September was collected before the government officially shut down on Oct. 1, it was still incomplete due to federal agencies suspending operations.
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