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Summary:
The Adjusted U-3 was up for the month, but UNADJUSTED Employment was actually Down. UNADJUSTED U-6 was down and Employment was UP.
According to the Commissioner of the U.S. Bureau of Labor Statistics:
“Both nonfarm payroll employment (+29,000) and the unemployment rate (4.2 percent) changed little in September, the U.S. Bureau of Labor Statistics reported today. Employment in all major industries changed little over the month…
…Health care employment continued its upward trend in September (+17,000), but at a slower pace than the average monthly gain over the prior 12 months (+33,000). In September, employment continued to trend up in ambulatory health care services (+13,000) and in hospitals (+12,000), while nursing and residential care facilities lost jobs (-9,000).”
As usual, they are talking about “Seasonally Adjusted Jobs”.
Looking at the Unadjusted Establishment Survey report, we see…
The BLS is currently reporting a rise from 158.905 million to 159.238 million, or 333,000. But last month they originally reported employment was 158.880 million, so it actually rose from 158.880 to 159.238 million, or 358,000.
