The era of monthly payroll gains of at least 200,000 appears to be over after the Labor Department reported on Friday that job growth was lackluster again in September, but economists said that’s a good thing. The revisions mean that the average job gains this year have been about 178,000 a month, well below last year’s pace of 229,000. That’s good news, so we shouldn’t expect job growth of 200,000 per month,” said Gus Faucher, deputy chief economist at PNC Financial Services Group. That’s good news, so we shouldn’t expect job growth of 200,000 per month. Perez noted about three-quarters of September’s net job gains were in three higher-wage sectors: construction, healthcare and business and professional services.

Source: Los Angeles Times October 07, 2016 12:32 UTC