Cue the crickets as the Dems want to trash our economy with higher taxes and open borders.
Sept. Jobs Report: 136,000 New Jobs, Unemployment Drops to 3.5% – Lowest in 50 Years…
Posted on October 4, 2019 by sundance
MAGAnomics – Lowest Unemployment in 50 Years !
The Bureau of Labor Statistics releases the September jobs report. 136,000 jobs were added to the economy and the unemployment rate falls to 3.5%, the lowest since 1969.
Demand for workers remains strong ( Table A-1). Overall employment is very stable across all sectors ( Table B-1) and wage growth is strong (+2.9%). Additionally, inflation is low; that means more disposable income. The Main Street economy is strong.
?Over the month, the number of unemployed persons decreased by 275,000 to 5.8 million. ?Among the unemployed, the number of job losers and persons who completed temporary jobs declined by 304,000 to 2.6 million in September. ?Also, the number of persons unemployed for less than 5 weeks fell by 339,000. ?The labor force participation rate held at 63.2 percent in September.
The change in total nonfarm payroll employment for July was revised up by 7,000 from +159,000 to +166,000, and the change for August was revised up by 38,000 from +130,000 to +168,000. With these revisions, employment gains in July and August combined were 45,000 more than previously reported. ( BLS Report) |
