Economy (In this Thursday, Oct. 25, 2012, photo, a sign attracts job-seekers during a job fair at the Marriott Hotel in Colonie,
Mike Groll/AP
By Lucia Mutikani

WASHINGTON -- U.S. employers added far fewer than expected workers in September, suggesting a loss of momentum in the economy that supported the Federal Reserve's decision to maintain its monthly bond purchases.

Nonfarm payrolls increased 148,000 last month, the Labor Department said Tuesday. While the job count for August was revised to show more positions created than previously reported, employment gains in July were the weakest since June 2012.

But there was some silver lining in the report, with the unemployment rate dropping a tenth of a percentage point to 7.2 percent, the lowest level since November 2008.

The jobless rate is derived from a separate survey of households, which showed an increase in employment last month.

The closely watched monthly employment report was released more than two weeks later than originally scheduled because of the partial shutdown of the federal government earlier this month.

Signs the economy lost steam even before the budget fight could rattle financial markets.

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Economists estimate the 16-day government shutdown shaved as much as 0.6 percentage point off annualized fourth-quarter gross domestic product, through reduced government output and damage to both consumer and business confidence.

Officials at the Federal Reserve are likely to hold off any decision on scaling back the U.S. central bank's bond buying until the extent of the economic damage from the budget fight is clearer.

Fed officials will meet next week to discuss monetary policy, on Oct. 29-30. They surprised markets last month by sticking to their $85 billion per month bond-buying pace, saying they wanted to see more evidence of a strong recovery.

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Now, many economists think the Fed will hold off on scaling back economic stimulus until next year.

Economists fear that lawmakers will engage in another bruising round early next year when Congress must agree on a budget to fund the government and once again raise the nation's borrowing limit.

The pattern of employment gains in September was mixed last month, with government payrolls increasing 22,000 jobs after rising 32,000 in August.

The leisure and hospitality industry shed the most jobs since December 2009. There was a small bounce in information sector payrolls, which dropped in August as the motion picture industry shed workers.

Construction payrolls increased 20,000, which could ease fears of a leveling off in home building.

Manufacturing sector added only 2,000 jobs, while retail employment increased 20,800.

Other details of the employment report were mildly encouraging, with average hourly earnings increased three cents in September. The length of the average workweek held steady at 34.5 hours.

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LMAO!...........Bush is the biggest failure of them all.

Just ask al gore.and john kerry.

Oh yeah...LMAO

October 23 2013 at 12:29 AM Report abuse rate up rate down Reply
1 reply to willypfistergash's comment

My bad...didn't gore change his name to al jazeera?

October 23 2013 at 12:30 AM Report abuse rate up rate down Reply

New Normal here to stay.

Obamacare and Sticker Shock put Christmas on the Skids !

Part Time Jobs and Student Loans just a BUST.

October 23 2013 at 12:13 AM Report abuse +1 rate up rate down Reply

Uncertainty, Uncertainty, Uncertainty.........!! Obamacare insures us of at least 4-5 years more of uncertainty............ enough to sink this country, the states, and many cities who are near bankruptcy. Too late to do anything............ Time to laugh at all of the big spenders, who have spent us into oblivion............ I can't wait!

October 22 2013 at 1:14 PM Report abuse rate up rate down Reply

I'm dropping off some EB spongebob action figures in the bowl right now...another good push or two and they'll all be treading water.

October 22 2013 at 1:07 PM Report abuse rate up rate down Reply

Here is a video of the mess of toxic dust left by BP.

October 22 2013 at 12:22 PM Report abuse rate up rate down Reply

BP oil refinery waste piles up on Southeast Side
Petroleum coke a dusty eyesore and a high-sulfur, high-carbon risk
October 18, 2013|By Michael Hawthorne, Chicago Tribune reporter

Just south of the Chicago Skyway bridge, a dusty byproduct of the Canadian oil boom is piling up in huge black mountains along the Calumet River.

More is on the way. A lot more.

By the end of the year, the oil giant BP is expected to complete work on new equipment that will more than triple the amount of petroleum coke produced by its Whiting refinery on Lake Michigan. The project will turn the sprawling Indiana plant into the world's second-largest source of petroleum coke, also known as petcoke, and Chicago into one of the biggest repositories of the high-sulfur, high-carbon waste.

BP this week confirmed that all of its petcoke is shipped a few miles across the state border to sites in the East Side and South Deering neighborhoods. Residents say black clouds of dust blow off uncovered piles of petcoke and coal in the area so frequently that people are forced to keep their children inside with the windows closed.

"You can't have a picnic outside because you are going to get a mouthful of black dust," said Lilly Martin, whose backyard deck on Mackinaw Avenue offers a view of one of the coke piles a few blocks away. "It's so bad we have to power-wash the house every week to wash it off."

In response to complaints from neighborhood groups, the U.S. Environmental Protection Agency and the office of Illinois Attorney General Lisa Madigan are investigating. The Illinois EPA said it is reviewing permits for the storage piles "to determine if they are appropriate to each facility's current activities and if special conditions are needed to address site-specific concerns."

If the piles were at the Whiting refinery, BP would be obligated to enclose them under the terms of its Clean Air Act permit and a federal legal settlement. But the storage sites in Chicago aren't required to comply with the same stringent air pollution regulations, which are intended to reduce hazards from lung-damaging particulate matter.

The amount of petcoke generated by Whiting and other U.S. refineries has steadily increased during the past decade as the industry processes more Canadian oil that is thicker and dirtier than many other grades.

BP will produce more than 2.2 million tons of petcoke a year at Whiting, up from about 700,000 tons before the refinery was overhauled to process oil from the tar sands region of Alberta.

October 22 2013 at 12:14 PM Report abuse +1 rate up rate down Reply

Interesting that this 'report' mentions nothing about changes to the workforce.

October 22 2013 at 12:12 PM Report abuse rate up rate down Reply

ou can bet your life the Koch Brothers will be bankrolling the pro-XL Pipeline Tea Party presidential candidate which will most likely be Ted Cruz. He and his wife both have involvement in the oil industry. His Canadian father started an oil and gas exploration business. Ted Cruz's wife Heidi has a very interesting bio/resume. She served in the White House under George W. Bush and worked as an Energy Investment banker with Merrill Lynch. She is a vice president in the Private Wealth Management Group at Goldman Sachs, Texas and works with clients to "implement high net worth portfolios", including U.S. and international equities. The common denominator in all of this seems to be OIL.

October 22 2013 at 12:07 PM Report abuse rate up rate down Reply

Keystone XL Pipeline Could Yield $100 Billion For Koch Brothers

Approval of the Keystone XL pipeline could generate $100 billion in profits for billionaire brothers Charles and David Koch, according to a report released Sunday, which revealed the extent to which the Kochs would benefit from the tar sands development the proposed pipeline would help spur.

A progressive think tank called the International Forum on Globalization completed the study, which found that the Kochs and their privately-owned company, Koch Industries, hold up to 2 million acres of land in Alberta, Canada, the proposed starting point of the Keystone XL. Several Koch Industries subsidiaries stand to benefit from the pipeline's construction, including Koch Exploration Canada, which would profit from oil development on its land, and Koch Supply and Trading, which would benefit from oil derivatives trading.

The report also estimates that the Koch brothers have given about $50 million to think tanks and members of Congress who have pushed for the pipeline to be built.

The Keystone XL pipeline is awaiting a final decision from the State Department, which is unlikely to come before 2014. If built, the pipeline would carry about 800,000 barrels of oil per day from Alberta to Gulf Coast refineries. Environmentalists worry about about the climate and environmental impacts the pipeline could have, including dramatically higher greenhouse gas emissions and a heightened risk of oil spills.

The Kochs are known for their heavy investment in the tea party and their support for congressional inaction on climate change.

In the past, Koch Industries officials have said the Keystone XL pipeline has "nothing to do with any of our businesses."

October 22 2013 at 12:02 PM Report abuse rate up rate down Reply
3 replies to republicanslostagain's comment

$235 Billion SURPLUS In 2OO1 >>> $1.2 TRlLLl0N DEFlClT - Bush's last budget presented congress. Here's where it came from:

$10 TRILLION ALMOST -- $9.906 Trillion Added to US Debt by Paul Ryan who voted for 65 DEBT MAKlNG bills. The bills increased spending or decreased revenue because the programs weren't paid for by cuts in spending or increased revenue.

$ 2,163,000,000,000 Bush Tax Cuts

$ 1,468,000,000,000 “FA*KED WARS” - New Defense Spending

$ 480,000,000,000 New Discretionary Spending - MOSTLY C0RP0RATE WELFARE

$ 262,000,000,000 Medicare Part WELFARE TO BlG PHAR*MA

$ 196,000,000,000 New Misc. Spending

$ 189,000,000,000 TARP

$ 148,000,000,000 Bush 2008 - RYAN’S BlG PU*SH FOR STlMULUS CHECKS

$ 5,000,000,000,000 Bush 2001 to 2008 Costs

$ 4,906,000,000,000 Bush CARRYOVER 2009 to 2012 Costs

$ 9,906,000,000,000 Total Ryan Spending = ALMOST $10 TRlLLl0N

$ 3,000,000,000,000 On 9/10 2001 Rumsfeld announced the Pentagon could not account for 3 trillion dollars

$13,430,000,000,000 Debt Increases since 2001

Now that they have squandered our money, the republican'ts want the American People to pay off the debts they racked up under gwb by looting paid benefit programs that have nothing to do with their previous incompetent profligate spending. Those who have whined the longest and loudest about the National Debt, voted for every penny of it. They want to blame the debt on President Obama while demanding that the most vulnerable US Citizens pay the price in lost benefits.

October 22 2013 at 10:34 AM Report abuse +2 rate up rate down Reply
1 reply to republicanslostagain's comment

This must be why Bush raised the debt limit 8 times just so he could spend more money.

October 22 2013 at 10:35 AM Report abuse +1 rate up rate down Reply