U.S. | Labor market conditions remain upbeat in September

Summary

With health related outcomes improving and economic activity normalizing, the labor market continued to show signs of improvement in September.

Key points

• Key points:
• The unemployment rate continued to recover at a historic pace, reaching 7.9%, down from 14.7% in April
• There has been a significant improvement in the unemployment rate for individuals with less than a high school diploma
• Job gains continued to be concentrated in leisure and hospitality, healthcare and social assistance and retail trade
• Total nonfarm average hourly earnings and hourly earnings for production and supervisory employees was little changed over-the-month

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