Catherwood LibraryILR School

The Labor Department released its monthly Jobs Report this morning, revealing that the nation added 156,000 jobs in September, suggesting that the economy has remained strong despite lingering uncertainties from Brexit as well as November’s elections. According to the Labor Department, not only did the 156,000 new positions accommodate new laborers in the market, it also attracted citizens who dropped out of the labor force after the great recession to re-enter the labor force. Average hourly earnings increased by .2% in September, contributing to a 2.6% gain over the past 12 months. Although the added jobs numbers missed both Labor Department’s and Wall Street’s expectations, the private sector continued to be the main driver of the addition, with the government’s slowdown of hiring causing the slight lag.