U.S. Adds 100K Jobs in September

Finally, some good economic news. The economy added 103,000 jobs last month, almost twice as many as were expected. The private sector added 137,000 jobs, while government lost 34,000. August employment numbers were revised up as well—to 57,000 from zero. The jobs numbers got a significant bump from the 45,000 striking Verizon workers coming back to work. Unfortunately, the economy needs between 125,000 and 150,000 new jobs per month to keep pace with the growing labor force. Consequently, unemployment is holding steady at 9.1 percent.