Economy added 661,000 jobs in September

The labor market’s recovery from the coronavirus-induced recession slowed significantly in recent months. The economy added a net 661,000 jobs in September on a seasonally-adjusted basis, according to preliminary data from the Bureau of Labor Statistics.

This was down from a gain of 1.5 million jobs in August, and represented the third consecutive month of slowing job growth.

Private sector employers added a net 877,000 jobs in September, which was down from a gain of 1.0 million jobs in August. 

As of September, the economy was still nearly 11 million jobs – or 7.0% – down from its February peak. Full recovery from the coronavirus recession likely won’t be seen in the labor market until late-2021 at the earliest.  

Track more economic indicators and read more analysis and commentary from the Association's chief economist Bruce Grindy.