Unemployment Drops to 7.2%
148K new jobs added in September, though hiring slowed
By Evann Gastaldo, Newser Staff
Posted Oct 22, 2013 7:39 AM CDT
In this Wednesday, Aug., 14, 2013, file photo, job seeker Kelsey Devoe, of Miramar, Fla., fills out a contact form at a job fair in Miami Lakes, Fla.   (AP Photo/Alan Diaz, File)

(Newser) – The September jobs report is out today, delayed thanks to the government shutdown, and it reveals that the unemployment rate ticked down to 7.2% last month, while 148,000 jobs were added. Economists had expected the rate to hold steady at 7.3%, the Wall Street Journal notes, but they also expected more new jobs: 180,000, to be exact. The unemployment rate is a 5-year low, and Michael J. Casey at the Journal says it "seems genuine," rather than a result of people dropping out of the labor force.

August's number was revised upward, from 169,000 new jobs to 193,000. But July's was revised downward, from 104,000 new jobs to 89,000—the fewest in more than a year. If you're looking for any effects the shutdown may have had on the economy, you'll likely have to wait for the October report, the Journal notes. And that one will also be delayed, by one week; it arrives on Nov. 8. But the AP notes that the number of jobs created in September suggests the market was already weakening in advance of the shutdown.

More From Newser
My Take on This Story
To report an error on this story,
notify our editors.
Unemployment Drops to 7.2% is...
5%
11%
5%
52%
4%
24%
Show results without voting
You Might Like
Comments
Showing 3 of 42 comments
RAD45
Oct 25, 2013 12:12 PM CDT
The unemployment rate is a 5-year low, and Michael J. Casey at the Journal says it "seems genuine," ... NO! this can't be! That's not what Rush, Ryan, Boehner, McConnell and Associates say! How can this happen under a Democrat president? Everyone 'knows" the GOP is the party of making jobs! OMG, what will happen to the Tea Party? This isn't supposed to happen until after a 'real conservative' is elected president in 2016!
NorCalHal
Oct 23, 2013 10:13 PM CDT
Hope for Change !
brimaster
Oct 23, 2013 5:15 PM CDT
Our company just laid off about 20% this week and a lot of work friends are now SOL. So as everyone posted these numbers are BS.