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103,000 New Jobs Created in September is More Than Expected

Business - General

business people photo by Michael Connors via Morguefile.comThe US economy added some 103,000 new jobs last month, a gain that eased concerns that the nation may be slipping into another recession.

What's more, the reports last month of zero net job growth, were wrong.

New revisions showed 99,000 more jobs added in July and August than initially reported.

90,000 of them were created in the service-providing sectors, like education, healthcare, business and leisure services.

Companies with fewer than 50 employees were responsible for two-thirds of the newly created jobs.

(READ the story in Reuters)

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