114,000 Jobs Created In September, Unemployment Falls To 7.8 Percent

According to the latest data from the Bureau of Labor Statistics, the economy created 114,000 jobs in September, with the unemployment rate falling to 7.8 percent. Analysts had expected about 110,000 jobs to be created. The private sector added 110,00 jobs, while the public sector ended a long slide by adding 10,000 jobs. July’s jobs number was revised up by 40,000 jobs, while August’s number was revised up by 46,000. The wider U-6 measure of underemployment was unchanged at 14.7 percent.