ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Economy

661,000 Jobs Added in September, Unemployment at 7.9%

October 2, 2020
Reading Time: 1 min read

Total nonfarm payroll employment rose by 661,000 in September, according to the Bureau of Labor Statistics. Total unemployed persons fell 1.0 million to 12.6 million in September. Despite the increase in nonfarm payroll over the month, unemployment still stands at 7.9%.

Large employment increases occurred in leisure and hospitality, retail trade, health care and social assistance, and in professional and business services.

Employment in leisure and hospitality rose by 318,000, with almost two-thirds of the gain occurring in food services and drinking places with a gain of 200,000 jobs. Retail trade added 142,000 jobs in September, with gains widespread in the industry.

Government employment fell by 216,000 in September.  Employment in local government education and state government education fell by 231,000 and 49,000 jobs, respectively.

The civilian labor force participation rate increased to 61.4%. The number of workers on temporary layoff decreased by 1.5 million in to 4.6 million, down considerably from the series high of 18.1 million in April. Workers with permanent job loss increased by 345,000 to 3.8 million. Workers unemployed less than 5 weeks increased by 271,000 to 2.6 million.

Average hourly earnings rose by 2 cents to $29.47.

 

Read the BLS release.

Tags: Employment BLSEmployment situation
ShareTweetPin

Related Posts

White House pushes state policymakers to restrict ‘junk fees’

New executive orders target banks and citizenship, nonbank access to Fed services

Compliance and Risk
May 19, 2026

President Trump signed an executive order directing regulators to provide guidance to financial institutions on identifying suspicious activity allegedly tied to individuals in the country illegally, and to potentially strengthen customer due diligence requirements. He also signed a...

ABA: Clarity Act needs further refinement

ABA: Clarity Act needs further refinement

Newsbytes
May 19, 2026

As Congress considers legislation to create a regulatory framework for digital assets, there remain areas of the bill that could be strengthened, particularly when it comes to closing the payment of interest loophole for payment stablecoins, ABA’s Brooke...

Report: More states creating restrictions on crypto ATMs

Largest Bitcoin kiosk operator files for bankruptcy

Compliance and Risk
May 19, 2026

The largest operator of Bitcoin kiosks in the U.S. is shutting down amid increased regulatory scrutiny of the role of “crypto ATMs” in facilitating scams, according to news reports.

OCC sees need for regulatory reform in bank merger process

Bank acquisitions, merger announced in five states

Community Banking
May 19, 2026

Proposed acquisitions announced to banks in Nebraska, Florida and Illinois. Two New England mutual banks announce holding company merger.

Existing home sales fell 2.5% in August

ABA DataBank: Pending home sales up despite rising mortgage rates

Economy
May 19, 2026

ABA economists believe this month's data reflects resiliency despite the effect of higher interest rates. Continued growth suggests mortgage demand will remain steady in the near term, though higher energy prices and interest rates threaten long-term momentum.

Pennsylvania banker named 2026 ABA Stonier Scholarship winner

Pennsylvania banker named 2026 ABA Stonier Scholarship winner

Community Banking
May 19, 2026

Aliese Rosado, SVP and retail market manager at Meridian Bank in Malvern, Pennsylvania, has been named the winner of this year’s ABA Stonier Scholarship.

NEWSBYTES

New executive orders target banks and citizenship, nonbank access to Fed services

May 19, 2026

ABA: Clarity Act needs further refinement

May 19, 2026

Largest Bitcoin kiosk operator files for bankruptcy

May 19, 2026

SPONSORED CONTENT

Credit Memos at the Convergence Point

Credit Memos at the Convergence Point

May 1, 2026
Digital Account Opening: Think Outside the Box for Maximum Business Impact

Digital Account Opening: Think Outside the Box for Maximum Business Impact

April 29, 2026
Why Your Systems Keep Slowing Down — and What to Do About It

Why Your Systems Keep Slowing Down — and What to Do About It

April 21, 2026
Planning Your 2026 Budget? Allocate Resources to Support Growth and Retention Goals

How leading banks are enhancing customer engagement through financial data insights

April 10, 2026

PODCASTS

Podcast: How consumer deposits drive full relationship banking

May 14, 2026

Podcast: How an Ohio banker talks with policymakers about stablecoin issues

May 6, 2026

Podcast: Tech transformation and AI to power bank growth

April 29, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.