Unemployment increased to 8.2 percent last month from 8.1 percent in August, according to the median projection of 88 economists surveyed by Bloomberg. Payrolls climbed by 115,000 workers, less than the 139,000 average over the first eight months of the year, the report may also show.
Joblessness that’s exceeded 8 percent for an unprecedented 43 months is restraining incomes and impeding consumers’ ability to support the economy as global demand and business investment wane. Today’s release marks the second-to-last jobs report before the November elections as President Barack Obama and Republican challenger Mitt Romney debate who’s best equipped to boost employment.
The Labor Department will issue the report at 8:30 a.m. in Washington. Payroll estimates in the Bloomberg survey ranged from gains of 60,000 to 165,000.
September’s projected increase suggests headcounts rose by an average of 117,000 each month in the third quarter, the second-weakest pace in two years.
Private payrolls, which exclude government jobs, probably climbed by 130,000 after rising 103,000 in August, economists anticipate the report will show.
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