US lost 95,000 nonfarm payroll jobs in September
Nonfarm payroll employment fell much steeper than analysts were projecting in September, shedding 95,000 jobs and the unemployment level remained 9.6%. The Labor Department's Bureau of Labor Statistics reported federal employment cut another 159,000 jobs last month, including 77,000 temporary Census workers and 76,000 local government positons. The private sector added 64,000 jobs in September, according to the Labor Department. Economists polled by MarketWatch were forecasting about 85,000 new private-sector jobs were created last month. Analysts surveyed by Briefing.com were expecting an overall decline of 18,000 jobs in September. The consensus figure from an Econoday survey was 8,000 job losses for the month with a range of estimates between a gain of 25,000 and a loss of 75,000. Earlier this week, Automatic Data Processing said private-sector employment fell by 39,000 in September, and TrimTabs Investment Research data shows the U.S. workforce lost 65,000 total jobs. TrimTabs estimates the private sector added between 15,000 and 25,000 last month. The Labor Department revised the August nonfarm payroll job figure to a loss of 57,000 from 54,000 previously, and the July tally was widened to 66,000 from 54,000. Write to Jason Philyaw.