US Economy Gains 103,000 Jobs

Posted October 7th, 2011 at 8:45 am (UTC-5)
Leave a comment

The U.S. economy had a net gain of 103,000 jobs in September, but the unemployment rate stayed steady at a relatively high 9.1 percent.

Friday's report from the Labor Department says the gains came largely from new jobs in the private sector.

The monthly job gains were stronger than most economists had predicted and include 45,000 employees returning to work after a strike at telecommunications giant Verizon in August.

On Thursday, President Barack Obama urged Congress to approve his controversial $447 billion jobs bill, saying it would boost economic growth by putting people back to work.