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Industry Report

In September 2022 Jobs Report shows a slight decrease in unemployment rate

September 2022 Jobs Report

Total Non-Farm payroll employment increased by 263,000 in September. The unemployment rate decreased slightly to 3.5%. Notable job gains occurred in Leisure and Hospitality and in Healthcare. In September, average hourly earnings for all employees on private non-farm payrolls rose by 10 cents, or 0.3%, to $32.46. Over the past year, average hourly earnings have increased by 5.0%. In September, average hourly earnings of private-sector production and nonsupervisory employees rose by 10 cents, or 0.4%, to $27.77.

Total Jobs Added*

(* Non-Farm Jobs Only)

Unemployment Rate

(Up 2% from August)

Industry-Specific Updates
– September 2022

+46,000

Professional & Business Services

  • Temporary Help Services: +27,000
  • Investigation and Security Services:
    +9,000
  • Scientific Research and Development Services: +5,000

+60,000

Healthcare

  • Ambulatory Healthcare: +28,000
  • Hospitals: +28,000
  • Employment in Healthcare attained the February 2020 level

+83,000

Leisure & Hospitality

  • Food Services and Drinking Places: +60,000
  • Employment rate is below the February 2020 level

+22,000

Manufacturing

  • Motor Vehicles and Parts: +8,000
  • Fabricated Metal Products: +6,000
  • Electrical Equipment and Appliances: 3,000

Financial Activities

  • Insurance: -9,000
  • Nondepository Credit: -7,000
  • Depository Credit: +5,000

+19,000

Construction

  • Specialty Trade Contractors: +18,000

+11,000

Wholesale Trade

  • Average of 18,000 jobs added per month in 2022

Additional Growth Sectors

  • Transportation: +3,000
  • Mining, Retail Trade, Information Services, and Government (No change in employment trends)

Source: The US Bureau of Labor Statistics

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