The nation’s economy added 148,000 new jobs in September, compared to 169,000 jobs created in August. The 7.2% jobless rate is slightly down from August’s 7.3%, according to figures released this morning by the U.S. Bureau of Labor Statistics.
While today’s report reflects 42 straight months of job growth, the pace is weak, sluggish and just enough to absorb new entrants into the market and makes little dent in the jobs deficit.
Job creation is likely to slow even more after the 16-day House Republican government shutdown and their irresponsible vow to hold the raising of the nation’s debt ceiling hostage over Republicans' demands to weaken the Affordable Care Act and for significant cuts in vital safety net programs.
With the shutdown over and budget talks set to get under way, working families are calling for the creation of jobs and raising hundreds of billions of dollars to invest in our future by ending all tax subsidies for outsourcing; repeal of the job-killing sequester; rejection of any benefit cuts to Social Security, Medicare or Medicaid and protection of food aid for the poor.
The number of long-term unemployed people (those who are jobless for 27 weeks or more) dropped slightly from 4.3 million to 4.1 million, accounting for 36.9% of the people without jobs. The number of long-term jobless people has dropped by 725,000 over the past 12 months.
Among the major worker groups, the unemployment rates for adult men (7.1%), adult women (6.2%) teenagers (21.4%), whites (6.3%), African Americans (12.9%) and Latinos (9%) showed little change in September.
The biggest job gains were in professional and business services (32,000), transportation and warehousing (23,000), construction (20,000), wholesale (15,000) and retail (9,000).
Employment in other major industries, including leisure and hospitality, health care, mining and logging, manufacturing, information and government, showed little change in September.