U.S. employers added 156,000 jobs in September, less than expected, and unemployment rose to 5 percent, from 4.9 percent, according to today’s Labor Department report.
Jobs growth has averaged 178,000 a month so far this year, down from last year’s pace of 229,000.
But there was positive news in wages — the average hourly earnings increased 0.2 percent over August, and were up 2.6 percent over September 2015.
Here & Now‘s Jeremy Hobson speaks with Michael Regan of Bloomberg Gadfly about what we should take away from this month’s report.
With reporting from The Associated Press.