Leisure and hospitality was the strongest sector for job growth in September, while information lost jobs.
The strongest sector for job growth in September was leisure and hospitality, according to the Bureau of Labor Statistics. The 96,000 net jobs gain last month was more than the combined total for August and July.Government hiring also picked up in September with a net gain of 73,000 jobs. That is up sharply from the 6,000 jobs added in the same month a year ago.
"We're creating jobs at a clip of nearly 300,000 a month over the last three months. That is way above what you need for the normal replacement rate, but we have seen a higher participation rate. So maybe what we're seeing here is a labor supply, not labor demand," Furman said on ""Some evidence for that is average hourly earnings. It isn't just the low number this month. Over the last three months, they've risen at a 3.4% annual rate.
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