US Added 156,000 Jobs in September Unemployment Rate at 5%

October 7, 2016 Share Print 0

The U.S. economy delivered modest job growth in September while wages picked up, suggesting a steady labor market as the Federal Reserve moves closer to raising interest rates and the campaign season enters its final stretch.

Employment outside of farms grew by a seasonally adjusted 156,000 jobs in September, the smallest gain since May, the Labor Department said Friday.

The unemployment rate, derived from a separate survey of households, increased a tenth of a percentage point to 5.0%.

via WSJ

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.