Friday, April 19, 2024 | The Latest Buzz for the Appraisal Industry

Unemployment Fell to 4.8 Percent in September; Construction Sector Growth Lagging

The U.S. economy added roughly 194,000 jobs in September, beating expectations and driving the unemployment rate down to 4.8%, according to the the U.S. Bureau of Labor Statistics.

Sectors that saw the greatest job gains in September included leisure and hospitality, professional/business services, retail, and transportation/warehousing.

The construction sector, however, only added 22,000 jobs in September and has shown little net change thus far this year, the BLS notes. Employment in construction was 201,000

This post was originally published on this site

Brent Bowen

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