primary metal producers shed 600 jobs last month, partially
offsetting a 3,000-job increase in August, while employment in
the fabricated metal products sector rose by 2,400 workers in
September after an increase of 2,000 the previous month,
according to nonseasonally adjusted data from the U.S. Bureau
of Labor Statistics.
employment base was down 2 percent compared with the same month
last year as companies reduced headcount by 7,900, while metal
fabricators added 23,400 jobs in the same comparison, a
employment fell 0.2 percent in September with the loss of
24,000 workers from the previous month, but the sector added
27,000 jobs over the past 12 months.
unemployment rate in September was put at 7.2 percent, nearly
unchanged from August but down from 7.8 percent a year earlier,
with long-term unemployment declining by 725,000 over the past
"This report showed
the economy in a mediocre condition just prior to the (federal
government) shutdown (and) solidified a real GDP (gross
domestic product) growth forecast below 2 percent for the third
quarter," Douglas Handler, chief U.S. economist for Lexington,
Mass.-based IHS Global Insight Inc., said. Octobers job
numbers should remain "so-so amid private sector
employers concerns about hiring during the shutdown and
possible debt ceiling spending restrictions."
weve been treading water for nearly 18 months now," Scott
Paul, president of the Washington-based Alliance for American
Manufacturing, said. "Private-sector job growthand
manufacturing in particularis too weak to put the U.S. on
a sound fiscal footing or to get the middle class back on
track. The October numbers could be even worse."