September Jobs Report: Payrolls Rise 119,000; Jobless Claims at 220,000

This is the September job, job, jobs report.

Non-farm payrolls are up a robust 119,000.

119,000 would be the best since April when we were up 158,000.

If we look at labor force participation rate, it ticked up.

That's a good thing.

62.4 equals where we were in May.

You have to go to April of this year when it was 62.6 to find a higher number.

If we look at the hours worked, and this is always important,

it remains at 34.2 to find a lower number.

You're going to January when it was 34.1.

We have initial jobless claims.

This is for the week of November 15th.

As I said, there's weeks missing.

We're expecting 227,000 comes in at 220,000.

These numbers do not reflect nervousness in the labor market.

They've been very well behaved.

220,000 would be the lowest level of claim since mid-July.