US September jobs report falls below expectations with 194,000 additional

US employers additional only 194,000 jobs in September (Picture: Getty Images)

The US’s job creation in September fell considerably short of economists’ estimates, painting a pessimistic picture on the state of the economy.

American employers additional just 194,000 jobs last month, according to the report released by the Department of Labor on Friday morning. By comparison, the Dow Jones estimated that 500,000 jobs would be produced in September.

September’s job creation figure was down from 366,000 additional in August and the more than one million attained in July.

The leisure and hospitality sector, which drove job growth before the Delta variant emerged, attained less than 100,000 jobs for the second consecutive month.

Meanwhile, the unemployment rate in September fell to 4.8%, which was better than the 5.1% expectation, and represents the lowest figure since February 2020.

Data for the September jobs report was collected in the middle of that month as the wave of coronavirus Delta variant situations neared peak levels.

‘Employment is slowing when it should be picking up because we’re nevertheless on the course set by the virus,’ Diane Swonk, a chief economist for the accounting firm Grant Thornton, told The New York Times.

On Friday morning, 194k was trending as Twitter users broke down the dismal jobs report.

‘The recovery has stalled,’ tweeted University of Michigan economics professor Justin Wolfers. ‘We’re missing about 8million jobs, and at this rate, we’re not bringing them back any time soon.’

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