Green Shoots But Still Troubled

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AP: “Employers added 103,000 jobs in September, a modest burst of hiring after a sluggish summer. Still, job growth remains too weak to lower the unemployment rate, which stayed at 9.1 percent for the third straight month.”

Bloomberg: “Employers added more payrolls than forecast in September, job gains were revised up in the prior two months and hours and earnings increased, helping ease concerns the U.S. labor market is deteriorating.”

Reuters: “Employment grew more than expected in September and job gains for the prior months were revised higher, according to a government report on Friday that could ease fears the economy was heading into recession.”

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