Nation's unemployment rate doesn't budge
The U.S. Department of Labor reported that nonfarm payroll employment edged up by 103,000 jobs in September, but the unemployment rate stayed at 9.1%.
Construction was one of the areas cited for job gains, according to the employment situation summary, released Friday morning. Other areas were professional and business services and health care.
Construction employment increased by 26,000 over the month, after showing little movement since February. The over-the-month gain was due to employment increases in the nonresidential construction industries, which includes heavy and civil construction.
The gain of 103,000 jobs was much higher than a consensus estimate of 55,000. Also, the August data were revised from zero jobs created to 57,000 jobs gained.