A newly released report from the U.S. Department of Labor showed the unemployment rate decreased to 7.8 percent in September. This is the lowest rate since January 2009.
Following are a few highlights from the report:
Manufacturing employment edged down in September (-16,000). In September, job losses occurred in computer and electronic products (-6,000) and in printing and related activities (-3,000).
Total nonfarm payroll employment increased by 114,000 in September. In 2012, employment growth has averaged 146,000 per month, compared with an average monthly gain of 153,000 in 2011. In September, employment rose in health care and in transportation and warehousing. See table B-1.
Health care added 44,000 jobs in September. Job gains continued in ambulatory health care services (+30,000) and hospitals (+8,000). Over the past year, employment in health care has risen by 295,000.
In September, employment increased by 17,000 in transportation and warehousing. Within the industry, there were job gains in transit and ground passenger transportation (+9,000) and in warehousing and storage (+4,000).
Employment in financial activities edged up in September (+13,000), reflecting modest job growth in credit intermediation (+6,000) and real estate (+7,000).
Employment in other major industries, including mining and logging, construction, wholesale trade, retail trade, information, professional and business services, leisure and hospitality, and government, showed little change over the month.
The complete September 2012 unemployment report is available online.