Unemployment Rate Falls to 30-year Low
Also released were figures regarding the number of payroll jobs, which fell in September by 8,000 positions. The number of positions typically is affected by a major change either in the economy or another sort of large populations-affected change like a natural disaster. For example, the last time the rate fell was in January 1996 due to a winter blizzard. This time, Hurricane Floyd affected the rate.
Even though the job growth was down, average hourly earnings increased in September, growing by .5 percent to $13.37, a rise of .3 percent over August.