The unemployment rate fell to 3.7 percent in September, its lowest level since 1969, the Labor Department reported Friday. Many forecasters predict it will decline even more in the months to come.
While economists cheered the unemployment rate, only 134,000 jobs were created in September, which was well below the consensus prediction of 180,000
While economists cheered the unemployment rate, only 134,000 jobs were created in September, which was well below the consensus prediction of 180,000. September’s storm and catastrophic flooding in the Carolinas likely prevented some businesses from bringing new workers on. Hiring was also weak in retail and the leisure and hospitality sectors.
“The September data have shown a tendency in recent years to be underreported initially, and revised up later. Storm Florence likely caused some temporary weakness as well,” said Jim O’Sullivan, chief U.S. economist at High Frequency Economics.
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The unemployment rate fell to 3.7 percent in September, its lowest level since 1969, the Labor Department reported Friday. Many forecasters predict it will decline even more in the months to come.
While economists cheered the unemployment rate, only 134,000 jobs were created in September, which was well below the consensus prediction of 180,000
Last time that happened?
the moon landing was faked on a hollywood sound stage, right liberals?
alky, alky, alky...
the link, son. the LINK:
https://www.washingtonpost.com/business/2018/10/05/unemployment-rate-falls-percent-lowest-since/?noredirect=on&utm_term=.56a2ce088a85
While economists cheered the unemployment rate, only 134,000 jobs were created in September, which was well below the consensus prediction of 180,000. September’s storm and catastrophic flooding in the Carolinas likely prevented some businesses from bringing new workers on. Hiring was also weak in retail and the leisure and hospitality sectors.
“The September data have shown a tendency in recent years to be underreported initially, and revised up later. Storm Florence likely caused some temporary weakness as well,” said Jim O’Sullivan, chief U.S. economist at High Frequency Economics.
August's initial jobs count was revised up dramatically, from 201,000 to 270,000, while July's numbers came up as well, from 147,000 to 165,000.
and expect september's to be revised upward as well.
it's amazing to watch the left contort themselves and the reports, in a desperate attempt to find some bad news to latch on to.
Is that flag really blowing in the wind?
Oh yes. You are in the RIGHT PLACE on this blog, if you are convinced that it's a faked up photo of a fake moon landing.
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