US Adds 103000 Jobs; Rate Holds Steady at 9.1% - New York Times

As an increasing number of economists have warned of a possible dip back into recession , the Labor Department said Friday that American employers added 103,000 net new jobs in September, indicating that the economy is at least not weakening for now.

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The government also revised its estimates upward for the previous two months, suggesting that job growth in July and August had been better than originally reported. Although the numbers staved off the bleakest forecasts for now, the Labor Department’s monthly snapshot highlighted the challenges for President Obama as he continues to press a balky Congress to pass his jobs bill.

US Adds 103000 Jobs; Rate Holds Steady at 9.1% - New York Times