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

New task force to tackle financial fraud, scams

Survey finds most U.S. adults were scammed in 2025

Compliance and Risk
July 8, 2026

More than two in three adults report they were personally scammed last year, with those scams costing an estimated $68 billion, or four times what was reported to federal authorities, according to a new survey by the Stop...

ABA comments on proposal to improve accounting in tax credit structures

ABA urges lawmakers to restore limited NOL carryback option

Newsbytes
July 8, 2026

Legislation to reinstate the net operating loss, or NOL, carryback option for certain eligible financial institutions would expand lending and credit availability for consumers and businesses across the U.S., ABA said in a letter to House lawmakers.

Consumers pay down less credit card debt in Q1 2022

Consumer credit was unchanged in May

Economy
July 8, 2026

Total outstanding revolving credit, largely a reflection of credit card debt, decreased at an annual rate of 4.7% to $1.34 trillion. Total outstanding nonrevolving credit increased at an annual rate of 1.6% to $3.81 trillion.

Second Circuit rules Federal Reserve Act does not require Federal Reserve Banks to grant master account

Despite Fed vote to keep rates steady, FOMC minutes show divide

Economy
July 8, 2026

Federal Reserve officials seemed to be divided over interest rates according to minutes released from the Federal Open Market Committee June 16-17 meeting. In the end, the committee voted unanimously to maintain the target range for the federal...

Mortgage rates fall

Podcast: Understanding the 2025 Home Mortgage Disclosure Act data

ABA Banking Journal Podcast
July 8, 2026

ABA economist Dan Brown discusses the recent release of HMDA data for 2025. He examines several trends, including the varying composition of bank mortgage loans in different regions, where banks face the stiffest nonbank competition in the mortgage...

FHA, VA sunset certain home loan-related policies

CFPB RFI seeks to reduce regulatory burdens, promote mortgage credit access

Mortgage
July 8, 2026

The CFPB is looking for information about “potential regulatory changes that may reduce regulatory burdens and promote access to mortgage credit, as appropriate and consistent with applicable law.”

NEWSBYTES

Survey finds most U.S. adults were scammed in 2025

July 8, 2026

ABA urges lawmakers to restore limited NOL carryback option

July 8, 2026

Consumer credit was unchanged in May

July 8, 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 the 2025 Home Mortgage Disclosure Act data

July 8, 2026

Podcast: Financing America’s independence

June 29, 2026

Podcast: Talent and innovation in community banking

June 18, 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.