Unemployment falls but hiring slows - KYTX CBS 19 Tyler Longview News Weather Sports

Unemployment falls but hiring slows

Posted: Updated:
  • CBS19.tv Web ExclusivesMore>>

  • Web Exclusive: Rob Lowe is getting "sharky" for a TV network

    Web Exclusive: Rob Lowe is getting "sharky" for a TV network

    Thursday, July 31 2014 9:45 AM EDT2014-07-31 13:45:11 GMT
    Actor Rob Lowe is lending his comedic talents to the Discovery channel.  In a new promo for Shark Week he throws up chum while riding two sharks.More >>
    Actor Rob Lowe is lending his comedic talents to the Discovery channel.  In a new promo for Shark Week he throws up chum while riding two sharks.More >>
  • Web Exclusive: Company cancels class to nix Southern accents, y'all, after complaints

    Web Exclusive: Company cancels class to nix Southern accents, y'all, after complaints

    Wednesday, July 30 2014 12:00 PM EDT2014-07-30 16:00:17 GMT
    We live in the South, so some of us may have a Southern accent, but would you consider saying "goodbye" to "howdy, y'all"?
    The Oak Ridge National Laboratory in Tennessee was going to offer a speech class for its workers next month to do just that, until it got canceled.
    More >>
    We live in the South, so some of us may have a Southern accent, but would you consider saying "goodbye" to "howdy, y'all"?
    The Oak Ridge National Laboratory in Tennessee was going to offer a speech class for its workers next month to do just that, until it got canceled.
    More >>
  • Web Exclusive: Ultra HD TVs

    Web Exclusive: Ultra HD TVs

    (CNN) -Some people just have to have the latest in television technology. The newest TVs on the market- ultra-high definition TVs- or UHD TVs. They have higher screen resolution than current high def screens, and are also known as "4-K" sets. "More >>
    (CNN) -Some people just have to have the latest in television technology. The newest TVs on the market- ultra-high definition TVs- or UHD TVs. They have higher screen resolution than current high def screens, and are also known as "4-K" sets. "More >>
NEW YORK (CNNMoney)- The unemployment rate fell to its lowest level since November 2008, but the government's latest jobs report still shows a muddled picture of the economy.

According to the September jobs report, which was delayed 18 days by the government shutdown, hiring slowed last month. But the unemployment rate fell as more workers said they got jobs and joined the labor force.

Employers added 148,000 jobs in September, fewer than the 193,000 jobs they added in August, the Department of Labor reported. Meanwhile, the unemployment rate fell to 7.2% as 73,000 people joined the labor force and 133,000 people said they got jobs.

Still, 11.3 million jobless people continued to look for work, to no avail.

What's more, the economic impact from the shutdown is not expected to show up in the data until the October jobs report is released on November 8.

The jobs report is closely watched by investors and the Federal Reserve. The Fed meets next week to reevaluate its plan for winding down its stimulus program.

Independent economists expect the Fed will want to see more data on how the shutdown impacted the economy before it will be ready to start cutting back on its $85 billion a month in bond purchases.

Stocks rose in premarket trading, as investors largely interpreted the lower unemployment rate as a sign that the Fed will continue stimulating the economy in the months ahead

Powered by WorldNow

CBS19, MYTX & KCEB
2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KYTX. All Rights Reserved. Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.