The Jobs Report – September 2020

What you need to know:

  1. The recovery continued in September as the economy added 661,000 jobs while the unemployment rate dropped to 7.9%. The prior two months were revised up by 145,000.
  2. The broader measure of unemployment known as underemployment also fell in September to 12.8%.  This measure peaked in April at 22.8%.
  3. Job gains in the private sector were broad-based with Retail Trade and Leisure & Hospitality leading the way.
  4. This report shows that the economy continues its impressive recovery from the COVID-19 shutdown earlier this year.

Below is a link to the full statistical summary provided by the Bureau of Labor Statistics:*

http://www.bls.gov/news.release/empsit.b.htm


*The information contained herein has been prepared from sources believed to be reliable but is not guaranteed and is not a complete summary or statement of all available data nor is it considered an offer to buy or sell any securities referred to herein. Links included herein are to unaffiliated third party sites. The Firm cannot verify or guarantee the accuracy of any information presented therein. By clicking on these links, the reader understands and acknowledges they are leaving Ziegler Capital Management’s web page.