❗Let's close the gap: We still need your help to raise $40,000 by April 1. Donate now

Job growth was steady in September, but things could be better

David Brancaccio Oct 22, 2013
HTML EMBED:
COPY

Job growth was steady in September, but things could be better

David Brancaccio Oct 22, 2013
HTML EMBED:
COPY

After a bit of delay, we learned today that American payrolls added 148,000 new jobs in September. Forecasters had suggested something higher — perhaps 180,000 jobs. A separate survey of households shows the unemployment rate in America falling to 7.2 percent from 7.3 percent last month. And while the news isn’t bad, it could be better.

“We’ve seen the unemployment rate coming down pretty steadily, from 10 percent to 7.2 percent today, and you saw that progress again in September. No question that’s unacceptably high for the unemployment rate,” says  Jason Furman, chair of the President’s Council of Economic Advisers. “Same thing you’re seeing on jobs — 148,000 jobs is steady, it’s been 43 straight months of progress, but we’d like to see even faster than that.”

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.