Total Nonfarm Employment Up and Unemployment Down in September

According to the Bureau of Labor Statistics (BLS) Total nonfarm payroll employment rose by 661,000 in September, and the unemployment rate declined by -0.5% to 7.9%. Which represents 12.6 million Americans without employment. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In September, notable job gains occurred in leisure and hospitality, in retail trade, in health care and social assistance, and in professional and business services. Employment in government declined over the month, mainly in state and local government education.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.