In a mixed report, the United States economy added 194,000 jobs in September, a number far lower than expectations, while the unemployment rate fell 0.4% to 4.8%, a greater decrease than expected, CNBC reports.
The jobs report was bolstered by revisions to the July and August reports, which was increases of 131,000 and 38,000 jobs, respectively. Wages went up 0.6% as employers increased pay to attract workers. The percentage of the workforce holding part-time jobs for economic reasons fell to a pandemic low of 8.5%.
The net job creation was hurt by government organizations reducing their workforces by 120,000, while private employers say a 317,000 job increase.