Published 9:08 AM, October 8, 2021
Below, EPI economists provide their preliminary insights on the September employment report released today. After a relatively weak August, only 194,000 jobs were added in September.
From Elise Gould, Senior Economist at EPI (@eliselgould):
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Due to the reopening of schools in September, the rebound in local government education was weaker than expected, and seasonally adjusted K-12 employment fell by 144,000.
For more background information on this seasonal adjustment, please read: https://t.co/B1Ft2TdRrS-Elise Gould (@eliselgould) October 8, 2021
Employment growth in September was weak and barely appeared on the chart, adding 194,000 jobs. So far this year, the average monthly job growth has been 561,000. If we can contain the virus, the recovery can continue to be stronger. pic.twitter.com/XfVxkxKtir
-Elise Gould (@eliselgould) October 8, 2021
In fact, with the reopening of schools in September (see blue line), employment in public education has indeed increased, but it has not undergone seasonal adjustment (red line). By historical standards, the increase was not enough to offset the seasonal adjustment. pic.twitter.com/jP236mH9Bx
-Elise Gould (@eliselgould) October 8, 2021
From EPI Chairman Heidi Shierholz (@hshierholz):
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Wow. The Delta variant has left its mark. We added 194,000 jobs in September, and the average job growth in the past two months (Delta Period) was 280,000. In comparison, there were an average of 889,000 times per month in the first three months. A related narration: Get the poke, guys. 1/
-Heidi Shierholz (@hshierholz) October 8, 2021
This is another sign that the strong wage growth we have seen in certain industries this year is not a permanent shift in workers’ bargaining power, but a temporary result of this (very) unique situation of recovery. 3/
-Heidi Shierholz (@hshierholz) October 8, 2021
