September Unemployment Rate Down

On Friday October 6th the U.S. Bureau of Labor Statistics (BLS) released their monthly employment survey results for the month of September. Every month the BLS conducts two surveys one contacts a sampling of households and the other collects data from businesses. Then they massage some of the numbers to “Seasonally Adjust” them and release them to the media.

According to the BLS, the current “Seasonally Adjusted” Unemployment Rate for September (released October 6th) is 4.2% DOWN from 4.4% in September. The current “Unadjusted” rate is 4.1% down from 4.5% in August. Seasonal adjustment provides something like a moving average leveling out the bumps due to normal seasonal variations. See: Unadjusted vs. Seasonally Adjusted Unemployment Rate for more information about Seasonal Adjustment.

August Unemployment Numbers

The U.S.Bureau of Labor Statistics (BLS) released the August unemployment numbers today. The BLS Commissioner says: “Nonfarm payroll employment increased by 156,000 in August, and the unemployment rate was little changed at 4.4 percent. Job gains occurred in manufacturing, construction, professional and technical services, health care, and mining. Employment growth has averaged 176,000 per month thus far this year, about in line with the average monthly gain of 187,000 in 2016.”