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US payrolls fall in September


US payrolls fall in September


The number of people in work in the United States unexpectedly fell in September by 95,000, the fourth straight month of decline.

The US government cut 77,000 temporary jobs – people who had been gathering census information.

Private hiring did rise by 64,000 but that was less than had been forecast.

The unemployment rate in September was unchanged from August’s 9.6 percent as the recovery from the longest and deepest economic downturn since the 1930s has been slow to generate jobs in the US.

Manufacturing employment fell 6,000, a big improvement on August’s 28,000 loss.

Goods-producing industries, saw payrolls contract 22,000.

Construction lost 21,000 jobs, reflecting the housing market continued troubles.

The employment report was the last before the mid-term congressional elections on 2nd November in which President Barack Obama’s Democratic Party is expected to suffer large losses amid voter dissatisfaction with the economy.

The stubbornly high jobless totals have increased expectations of further action from the Federal Reserve to stimulate the recovery.

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