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

254,000 jobs added in September, unemployment rate edged down to 4.1%

October 4, 2024
Reading Time: 1 min read
272,000 jobs added in May, unemployment rate edged up to 4.0%

Total nonfarm payroll employment rose by 254,000 in September and the unemployment rate edged down to 4.1%, the U.S. Bureau of Labor Statistics reported. Employment continued to trend up in food services and drinking places, health care, government, social assistance, and conditions.

Employment continued to grow in construction (+25,000), similar to the average monthly gain over the prior 12 months (+19,000). Health care added 45,000 jobs in September, below the average monthly gain of 57,000 over the prior 12 months. Over the month, employment rose in home health care services (+13,000), hospitals (+12,000), and nursing and residential care facilities (+9,000).

Employment in government continued its upward trend in September (+31,000). Government had an average monthly gain of 45,000 jobs over the prior 12 months. Over the month, employment continued to trend up in local government (+16,000) and state government (+13,000). Employment in social assistance increased by 27,000 in September, primarily in individual and family services (+21,000). Over the prior 12 months, social assistance had added an average of 21,000 jobs per month.

Employment in food services and drinking places rose by 69,000 in September, well above the average monthly gain of 14,000 over the prior 12 months. Employment showed little change over the month in other major industries, including mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade; retail trade; transportation and warehousing; information; financial activities; professional and business services; and other services.

The change in total nonfarm payroll employment for July was revised up by 55,000, from +89,000 to +144,000, and the change for August was revised up by 17,000, from +142,000 to +159,000.

Read the BLS release.

Tags: Nonfarm jobs
ShareTweetPin

Related Posts

FOMC minutes: Persistent inflation clouds path forward

FOMC again holds rates steady

Economy
June 17, 2026

The Federal Open Market Committee voted to maintain the target range of the federal funds rate at 3.5%-3.75%. The vote was unanimous.

NAR: Pending home sales slipped in May

NAR: Pending home sales rose 3.8% in May

Economy
June 17, 2026

Pending home sales in May rose 3.8% from the prior month and 4.8% year over year, according to the National Association of Realtors.

New York Fed: More people living in ‘credit secure’ counties

CFPB rescinds advisory opinion on special-purpose credit programs

Compliance and Risk
June 17, 2026

The CFPB rescinded a 2020 advisory opinion on special-purpose credit programs, saying the document contains statements that conflict with recent changes to fair lending enforcement and that the programs raise “serious constitutional concerns.”

ABA, MBA release ad encouraging Rep. McClain Delaney to keep fighting for workers, communities

ABA, MBA release ad encouraging Rep. McClain Delaney to keep fighting for workers, communities

Newsbytes
June 17, 2026

ABA and the Maryland Bankers Association have released a new ad applauding Rep. April McClain Delaney’s (D-Md.) support of policies that lower costs for farmers, fishers and homeowners and encouraging her to keep up those efforts.

Consumers Remain Resilient as the Economy Rebounds

ABA DataBank: Retail sales surge in May

Economy
June 17, 2026

Even though U.S. consumers still face the challenge of elevated inflation, their robust spending should help support the overall economy and loan demand.

FHFA to create affordable housing advisory committee

Senate, House committee leaders reach agreement on housing bill

Community Banking
June 16, 2026

The leaders of the House and Senate banking committees announced they had reached an agreement on a bipartisan housing bill that includes several provisions related to banking, from brokered deposits to de novo bank formation.

NEWSBYTES

FOMC again holds rates steady

June 17, 2026

NAR: Pending home sales rose 3.8% in May

June 17, 2026

CFPB rescinds advisory opinion on special-purpose credit programs

June 17, 2026

SPONSORED CONTENT

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

Examiners Are Now Looking at Your Non-Core Systems

June 11, 2026
Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

June 1, 2026
A Modern Blueprint for Serving High-Net-Worth Families

A Modern Blueprint for Serving High-Net-Worth Families

May 28, 2026
Why Your Systems Keep Slowing Down — and What to Do About It

AI Is in Your Bank. Is Your Cloud Contract Governing It?

May 20, 2026

PODCASTS

Podcast: Understanding bank regulators’ guidance on illegal immigration

June 11, 2026

Podcast: Creating a feeling of welcome, for customers and new bankers

May 28, 2026

Podcast: How consumer deposits drive full relationship banking

May 14, 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.