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Record 154.3 Million Americans Employed

In response to today's Labor Department jobs report, CNS News' Susan Jones reports, "Hurricanes Harvey and Irma are long gone, and despite dire predictions, they did not dampen the September jobs report in most key areas."

She explained her lede this way, writing:

"The Bureau of Labor Statistics on Friday said the labor force participation rate of 63.1 percent reached a high for the year in September, up two-tenths of a point from August.

"The number of employed Americans reached 154,345,000 in September, setting a sixth record since January. As the number of employed Americans reached an all-time high, the number of unemployed Americans in September -- 6,801,000 -- hasn't been this low since May 2007.

"The already low unemployment rate dropped another two-tenths of a point to 4.2 percent last month. That is the lowest since early 2001.

"BLS noted that the recent hurricanes had "no discernible effect on the national unemployment rate."

"The number of Americans not in the labor force declined a bit in September to 94,417,000. The record, set in the final full month of the Obama presidency, stands at 95,102,000 Americans not in the labor force.

"On the negative side, BLS said no new jobs were added in September: In fact, BLS counts a job loss of 33,000, and it blamed the net effect of the two hurricanes for the negative jobs-added number.

"BLS noted that a “steep” employment decline in food services and drinking places and below-trend growth in some other industries likely reflected the impact of Hurricanes Irma and Harvey. Employment rose in health care and in transportation and warehousing.

"BLS said job gains have averaged 91,000 over the past three months.

"And wages are going up: In September, average hourly earnings for all employees on private nonfarm payrolls rose by 12 cents to $26.55. Over the past 12 months, average hourly earnings have increased by 74 cents, or 2.9 percent,, BLS said."

The Washington Free Beacon's Ali Meyer also reported on the report from the Labor Department's Bureau of Labor Statistics (BLS), writing:

"The number of employed Americans hit a record high of 154,345,000 in September, according to the latest numbers released by the Bureau of Labor Statistics.

"There were 906,000 more Americans who gained employment over the month, and more individuals joined the labor force as well.

"There were 575,000 more Americans who joined the labor force in September, while 368,000 fewer left.

"The number of Americans not participating in the labor force declined from 94,785,000 in August to 94,417,000 in September. The bureau counts those not in the labor force as people who do not have a job and did not actively seek one in the past four weeks.

"The labor force participation rate, which is the percentage of the population that has a job or actively looked for one in the past month, increased from 62.9 percent in August to 63.1 percent in September. The participation rate hasn’t been this high since March of 2014."

Meyer also observed, "The unemployment rate for all Americans declined from 4.4 percent in August to 4.2 percent in September, which is the lowest level seen in 16 years."

The Wall Street Journal's economics blog provides several reports about the BLS jobs report. These include: 1) 9 charts; 2) the numbers; 3) economists reactions; and 4) five things to watch for in the report.

The BLS' employment situation report is available here.

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