US hiring slows as employers add just 142K jobs in September; unemployment rate stays 5.1 pct

October 2, 2015 1:29 PM

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US hiring slows as employers add just 142K jobs in September; unemployment rate stays 5.1 pct

WASHINGTON — U.S. employers cut back sharply on hiring in September and added fewer jobs in July and August than previously thought — a sour note for a labor market that had been steadily improving.

The economy added just 142,000 jobs last month, depressed by job cuts by manufacturers and oil drillers. The unemployment rate stayed 5.1 percent, but only because many Americans have stopped looking for work and are no longer counted as unemployed. The proportion of adults either with a job or look...

Also read: Yellen Says Fed Not Behind the Curve, Backs Gradual Rate Rises

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