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September jobs report hints at unemployment benefits’ muted role in pandemic labor market
Oct 08, 2021 | CNBC
Picture - September jobs report hints at unemployment benefits’ muted role in pandemic labor market

The September jobs report issued Friday offered yet more evidence that pandemic-era unemployment benefits didn't hold back the labor market in a significant way.

Job growth — 194,000 new payrolls — fell well short of expectations in September and decelerated from prior months. The labor force (a measure that counts workers and those actively looking for a job) shrank by 183,000 from August, according to the Bureau of Labor Statistics.

The data offer the first snapshot of the U.S. labor market since enhanced federal unemployment benefits ended on Labor Day. The September report suggests many workers didn't find new jobs or jump off the sidelines to look for work, despite the expiration of those benefits.

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