US economy misses forecasts, adds 661,000 jobs in September as unemployment falls to 7.9% - Business Insider

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US economy misses forecasts, adds 661,000 jobs in September as unemployment falls to 7.9%

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The US Bureau of Labor Statistics on Friday said the US added 661,000 million jobs in September. That came in far below the 859,000 million payroll additions expected by economists surveyed by Bloomberg.

American businesses added 661,000 million nonfarm payrolls last month, the Bureau of Labor Statistics reported on Friday. The total fell far short of the 859,000 million payroll additions anticipated by economists surveyed by Bloomberg, and marked a decline from the revised 1.5 million jobs added in August.

The number of Americans citing the pandemic as their reason for not seeking employment fell to 4.5 million, from 5.2 million in August.Though the payroll additions are a welcome sight after the pandemic drove record post-war joblessness, the share of permanently unemployed workers continued to grow. September saw 345,000 additional Americans report their job loss as permanent, bringing the total to 3.8 million.

 

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The stats in the article show better-than-expected pace of recovery in September, including higher payrolls and lower unemployment rate versus forecast, yet your headline shows a completely opposite picture without the context of ‘better than expected’ ... so biased

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