Thread by @nick_bunker

The slowdown is still here.

Unemployment rate drops to 3.5%, but payrolls miss with the private sector adding only 114k jobs in Sept.

Average hourly earnings growth down to 2.9% YoY.

Employment growth in the goods-producing sector continues to decline, but service-sector growth holding steady.

Another pick up in wage growth hasn't shown up.

Wage growth dropped for all workers, but essentially held steady for production & non-supervisory workers.

Long-term unemployment rate & rate of involuntary PT work both held steady in Sept. Those pockets of labor market softness remain.

A nice sign from this report: another increase in the prime-age employment rate. YoY growth is rebounding as well.

Payroll growth through Sept this year is much lower than last year.

Mining and logging had the toughest month in terms of payroll growth, but it's a small share of the labor market.

Education & health services: keeps. on. trucking.

Nice rise in employment rates for workers with a high school degree or less.

These traditionally disadvantaged workers are gaining in a stronger labor market

Employment growth remains strongest in higher-wage industries . . .

And wage growth is strongest in low-wage industries.

Both are telling us that a tighter labor market is increasingly causing employers to compete for workers.

(Once again a reminder the detailed wage growth data are lagged one month. cc: @marthagimbel )

Weekly earnings growth continues to dip as hourly wage growth was down in Sept. Hours growth rebounded a bit.