Sunday, October 08, 2006

More from the September Jobs Report


The U.S. unemployment rate matched a five-year low in September and job growth the prior month was stronger than previously estimated, easing concern the economy is faltering.

The economy created 51,000 jobs last month, the Labor Department said in Washington. While that was fewer than economists predicted, it was offset by a 188,000 rise in August that was almost 50 percent bigger than the government previously reported. The jobless rate unexpectedly declined to 4.6 percent.

The report also showed job growth during the 12 months ended in March may have been about 41 percent higher than previously reported.

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