A sign of good news about the nations employment situation boosted stocks in morning trading Friday.
The U.S. Bureau of Labor Statistics released its economic news report stating Nonfarm payroll employment increased by 103,000 in September 2011. In August the employment situation showed virtually zero job gains.
While much needed jobs were added, the employment rate held steady at 9.1 percent. The 103,000 figure increase was made possible due in large part to an end of a Telecommunications industry strike in August.
The Bureau said demographic defined unemployment rates were little changed. Adult men held at 8.8 percent, adult women 8.1 percent, teenagers were 24.6 percent, whites 8.0 percent, blacks 16.0 percent, Hispanics 11.3 percent and Asians were at 7.8 percent (not seasonally adjusted).
Professional and business services, health care, and construction continued to be strong sectors adding jobs while the government sector continued to drag down the nation's employment growth.