US jobless rate below 8% in September

02 October 2020

 

Summary: September non-farm payrolls increase by over 650,000; jobless rate down considerably but aided by lower participation rate; still 11 million below Feb 2020 level; employment-to-population ratio up for fifth consecutive month; underemployment rate down again but still in low-teens.   The US economy ceased producing jobs in net terms as infection controls began to be implemented in March. The unemployment rate had been around 3.5% but that changed as...

read full story