September Jobs Report

The U.S. Labor Department revealed that non-farm payrolls rose 51,000 in September. This was well below the 120,000 that economists had expected. While September's payroll additions were less than expected, job growth in August was better than had been previously reported. Revised data included in Friday's report showed that the economy added 188,000 in August, compared to the 128,000 increase that was initially reported. Meanwhile, the government said the unemployment rate dropped to 4.6% in September compared to a level of 4.7% in the previous month