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NEWS

Unemployment Remains at 9.6 Percent (Friday, October 8, 2010)

Net loss of 95,000 jobs as private sector gains few, governments drop many.

Nonfarm payroll employment edged down a net 95,000 jobs in September, and the unemployment rate was unchanged at 9.6 percent, the U.S. Bureau of Labor Statistics reported Friday.

Loss of 159,000 government jobs drove the decline as temporary jobs for Census 2010 ended and budget constrained local governments let people go. Private-sector payroll employment added a modest 64,000 jobs.

Unemployment figures signal less buying power for consumer purchases, which comprise 70 percent of the U.S. economy and provide a major influence on freight transportation.

The number of unemployed persons, at 14.8 million, was essentially unchanged in September, BLS said.

Mining employment added more than 6,000 jobs in September. Mining has added 77,000 jobs since the most recent low in October 2009.

Employment in manufacturing changed little in September and, on net, has been essentially flat since May. The industry added 134,000 jobs during the first 5 months of the year, BLS said.

Employment in wholesale trade, retail trade, transportation and warehousing, information, and financial activities showed little change in September.

Employment in construction edged down 21,000 over the month, partly offsetting an employment gain in August. Both the August and September changes were concentrated among nonresidential specialty trade contractors. Construction employment has shown little net change since February, said BLS.