September Nonfarm Payrolls Rose 103.000; Private Payrolls Up 137.000; Unemployment Rate Unchanged At 9.1%
(For September 2011)
Nonfarm payrolls rose 103.000 in September; Consensus was at 60.000; August reading was an increase of 57.000 (revised up 57.000). The unemployment was reported at 9.1% vs. prior reading and consensus of 9.1%.
Private payrolls were up 137.000 vs. 90.000 consensus and 42.000 reading in August (revised up 25.000).
Big positive surprise
Average weekly hours worked for private employees rose from 34.2 to 34.3.
Nonfarm Payrols, U.S. Average Weekly Hours Worked, Unemployment Rate