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114,000 Jobs Added in September

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  • Description

    FBN’s Peter Barnes breaks down the latest jobs report from the Labor Department.

  • Duration 1:41
  • Date

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This transcript is automatically generated

He we go -- bombs in Washington the right and the new jobs number.

The unemployment rate tumbles to seven point 8% in September an unexpected drop from eight point 1% in August.

And that's seven point 8% is the same rate as January 2009.

When President Obama.

Took office nonfarm payrolls rose by a 1141000.

In September about -- expect that a 104000.

Of those in the private sector 101000 of those were government jobs the unemployment rate fell sharply because in the survey of households that the Labor Department -- does.

It's it's more volatile according to -- economists here.

It includes people working at home.

Who are self employed agriculture workers independent contractors that rose.

The number of people in that survey -- Who found work.

In September rose by 80783000.

The biggest monthly increase since June of 1983.

And again economists here point out that these month the monthly survey of households.

Is more volatile.

-- the smaller it's the it's a smaller survey.

Then the workplace survey Stewart I don't know what you can hit me on not -- but I take it and then that the number of people in the world force.

Ruse is that correct it did and it correct that the labor for force participation rate that -- while always watch.

Inched up.

In September to 63 point 6%.

And that was just up 110 of 1% from August which was the lowest.

In and three decades all right -- bonds directly with the news thanks very much --

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