US job growth accelerated in September and the unemployment rate rose slightly, suggesting the labor market was showing signs of stabilization before the government shutdown.
Nonfarm payrolls increased by 119,000 after declining the previous month, according to Bureau of Labor Statistics data released Thursday. The unemployment rate rose to 4.4%. Hourly earnings rose 0.2% from the previous month.
The September jobs report, originally scheduled for October 3, was the first important data point missed during the government shutdown. However, because the BLS had completed data collection by the time the shutdown began on October 1, the report was among the first to be released after the government reopened. (alg)
Source: Bloomberg.com
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