In September, the United States generated 248,000 new jobs, a huge jump from last month’s gain of 142,000. The positive news continued as the unemployment rate declined by 0.2 percentage points — dropping from 6.1% to 5.9%, which is the lowest we’ve seen since September 2008. Over the past year, the unemployment rate has declined by 1.3 percentage points and the unemployed persons by 19 million.
In the third quarter, job growth vacillated, improving upon the second quarter’s success. Revised numbers were released, showing that both July and August experienced combined growth of 69,000 more than previously reported. The July payroll number was revised from +212,000 to +243,000 and the August numbers were revised from +142,000 to +180,000.
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