...America registered disappointing job growth for the second month in a row.
By the numbers: Just 194,000 jobs were created in September, a significantly slower pace than the 366,000 number a month earlier. Economists had been hoping and expecting to reach at least 500,000 this time around.
- - The good news, such as it was, came with the unemployment rate, which dropped sharply to just 4.8%, from 5.2% in August. Unemployment for Black Americans dropped even faster, to 7.9% from 8.8%.
The big picture: Private-sector employment growth was OK, if not great, in September. The big disappointment came in the public sector, especially teachers. Women dominate the teaching profession, and they've been leaving the job market.
- - Local government school districts lost 144,000 jobs in September, with a further 17,000 job losses at the state level.
- - Those numbers are seasonally adjusted -- schools simply didn't add the number of teachers at the beginning of the academic year that they normally do.
- - Bars and restaurants saw essentially no growth in September, repeating their weak showing from August. They had been driving the recovery this year, with an average gain of 197,000 jobs per month from January through July....
Looks like the delta variant stifled the job growth in the bar and restaurant industry, combined with teachers who chose not to return to the classrooms.