Payroll Growth Revised Down Again

Payroll Growth Revised Down Again


The BLS lowered its estimates for August and September payroll gains by a combined 33,000 on Tuesday.

With additional information from employers on hand, the BLS updated the total net payroll gains for September to 108,000—a decline of 11,000 from the initial estimate of 119,000.

The agency also revised its estimates for August’s drop in employment by another 22,000, bringing the total decline in payrolls that month to 26,000.


www.barrons.com
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