Bloomberg.com: Worldwide

Bloomberg.com: Worldwide: "U.S. Payrolls Rose 110,000 in September; Jobless Rate at 4.7% By Joe Richter Enlarge Image/Details Oct. 5 (Bloomberg) -- U.S. employment accelerated in September and revised figures for August showed an unexpected gain, easing concern the economy was headed toward recession. Payrolls grew by 110,000 after an 89,000 increase in August, the Labor Department said today in Washington. Revisions added 118,000 workers to payroll figures previously reported for July and August. More jobs and rising wages will help consumers weather falling home values, sustaining the spending that accounts for more than two-thirds of the economy. The report may raise speculation that Federal Reserve policy makers won't need to lower interest rates again later this month. ``If the foundation of employment is still underneath us, then we have a good chance of nursing the expansion into the new year,'' Carl Tannenbaum, chief economist at LaSalle Bank in Chicago, said before the report. ``This will change the perception of the economy.'' The jobless rate rose to 4.7 percent from 4.6 percent the previous month."