Employment Research Brief
Job Growth Tempers in September;
Industrial Sector Continues to Outperform
Hiring slows again in September. The complete expiration of federal unemployment insurance did not translate into accelerat-ed job growth last month as the health crisis continued to present challenges. Employers added 194,000 personnel to payrolls in September, barely above the monthly average from more typi-cal years such as 2018. Logistical logjams, infection worries and vaccine mandates contributed to last month’s slowdown; however, the greatest weight came from the public sector. Government payrolls fell by 123,000 positions in September, partially offsetting private sector job creation of 317,000.