U.S. employers added 110,000 jobs
U.S. employers added 110,000 jobs in September and August's job losses were revised into a gain in a Labor Department report on Friday that lifted some worry about a recession in the near term.
But analysts said the data still showed a modest pace of job growth able to support only a less-than-robust economic expansion, which meant the Federal Reserve may be compelled to lower interest rates further to add stimulus to the economy.
The department said 89,000 jobs were created in August, rather than the 4,000 that it originally reported were lost. It also said 93,000 jobs were created in July instead of 68,000 it previously reported -- a total of 118,000 more jobs in the July-August period than it had earlier estimated.
That averaged out to about 97,000 jobs a month during the third quarter, down from 126,000 in the preceding quarter. The monthly unemployment rate -- compiled from a separate survey -- edged up to 4.7 percent from 4.6 percent in August.
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