Unemployment Rises To 5 Percent In September; 94,184,000 Out of Labor Force

Initial claims for US unemployment fell to 262,000 for the week ending August 13, down 4,000 from the week before

The national unemployment rate in September rose to five percent, as the United States economy added only about 156,000 jobs, according to statistics released by the Labor Department on Friday.

That number is lower than analyst expectations, who predicted a 175,000 boost in jobs.

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The labor force participation rate, however, increased to 62.9 percent, up from from 62.8 percent in August.

A total of 94,184,000 Americans are not in the work force.


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