Job creation picked up in September but not enough to stop the unemployment rate from rising to 4.7 percent, the highest in just over a year. The new job market snapshot released by the Labor Department today showed that employers boosted payrolls by 110,000, the most in one month since last May. In an encouraging note, the economy actually added 89,000 jobs in August. That marked an improvement from the net loss of 4,000 that the government first estimated. The bump up in the unemployment rate from 4.6 percent in August came as hundreds of thousands of people streamed back into the labor market. That new rate of 4.7 percent was the highest since the summer of 2006. Wages, meanwhile, rose solidly.
See "Employers add 110,000 to payrolls", Associated Press, Los Angeles Times, October 4, 2007