jimnyc
10-04-2019, 10:27 AM
While Trump is winning against the lame impeachment BS and putting the criminal Dems in the forefront instead - the economy is winning in the unemployment department!
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Unemployment Falls to Lowest Level Since 1969
The U.S. economy created 136,000 jobs in September and the unemployment rate fell to 3.5 percent.
Economists had expected the economy to between 120,000 and 179,000 with the consensus number at 145,000, according to Econoday. Unemployment was expected to remain unchanged at last month’s 3.7 percent.
The jobs data for the two previous months were also revised upward, indicating that the labor market was stronger over the summer than previously indicated. Employment for July was revised up by 7,000 from 159,000 to 166,000, and 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.
The stronger numbers for July and August may also explain the slightly-below expectations figure for September since some of the growth in employment forecast for last month had already occurred.
The last time the rate was this low was in December 1969, when it also was 3.5 percent.
Economic data has been intensely scrutinized this week for signs of economic sluggishness after the Institute for Supply Management’s survey of manufacturing companies suggested the manufacturing sector had unexpectedly contracted for a second consecutive month. Survey data of non-manufacturing companies, however, showed that the services sector continued to expand in September. Similarly, data on private payrolls and unemployment claims suggested that the U.S. economy had cooled but was not near a recession.
September’s hiring may have been weighed down by the strike by General Motors workers, which has sidelined GM plants and likely prevented GM suppliers from hiring new workers. The latest data suggests that manufacturing held its job count near steady, shedding just 2,000 jobs during the month.
Rest - https://www.breitbart.com/economy/2019/10/04/the-economy-created-136000-jobs-in-september-unemployment-fell-to-3-5/
Unemployment for African American Men Falls to Lowest Since 1973
The unemployment rate for African American men fell to 5.4 percent in September, the lowest level since December of 1973.
The overall African American unemployment rate held steady at 5.5 percent. The unemployment rate for African American women aged 20 and over was 4.6 percent, up two-tenths of a percentage point from August but still near multi-decade lows.
In December of 1973, the unemployment rate for African American men briefly fell to 5.2 percent. A month later, however, it jumped up to 6.3 percent and headed steadily upward as the U.S. economy fell into recession.
Those figures include season adjustments. Without seasonal adjustment, the unemployment rate for African American men was 5.0 in September, also the lowest rate since December 1973, when it was 4.9 percent.
The overall U.S. unemployment level hit its lowest since December 1969, according to data released by the government Friday.
https://www.breitbart.com/economy/2019/10/04/unemployment-for-african-american-men-falls-to-near-1973-low/
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Unemployment Falls to Lowest Level Since 1969
The U.S. economy created 136,000 jobs in September and the unemployment rate fell to 3.5 percent.
Economists had expected the economy to between 120,000 and 179,000 with the consensus number at 145,000, according to Econoday. Unemployment was expected to remain unchanged at last month’s 3.7 percent.
The jobs data for the two previous months were also revised upward, indicating that the labor market was stronger over the summer than previously indicated. Employment for July was revised up by 7,000 from 159,000 to 166,000, and 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.
The stronger numbers for July and August may also explain the slightly-below expectations figure for September since some of the growth in employment forecast for last month had already occurred.
The last time the rate was this low was in December 1969, when it also was 3.5 percent.
Economic data has been intensely scrutinized this week for signs of economic sluggishness after the Institute for Supply Management’s survey of manufacturing companies suggested the manufacturing sector had unexpectedly contracted for a second consecutive month. Survey data of non-manufacturing companies, however, showed that the services sector continued to expand in September. Similarly, data on private payrolls and unemployment claims suggested that the U.S. economy had cooled but was not near a recession.
September’s hiring may have been weighed down by the strike by General Motors workers, which has sidelined GM plants and likely prevented GM suppliers from hiring new workers. The latest data suggests that manufacturing held its job count near steady, shedding just 2,000 jobs during the month.
Rest - https://www.breitbart.com/economy/2019/10/04/the-economy-created-136000-jobs-in-september-unemployment-fell-to-3-5/
Unemployment for African American Men Falls to Lowest Since 1973
The unemployment rate for African American men fell to 5.4 percent in September, the lowest level since December of 1973.
The overall African American unemployment rate held steady at 5.5 percent. The unemployment rate for African American women aged 20 and over was 4.6 percent, up two-tenths of a percentage point from August but still near multi-decade lows.
In December of 1973, the unemployment rate for African American men briefly fell to 5.2 percent. A month later, however, it jumped up to 6.3 percent and headed steadily upward as the U.S. economy fell into recession.
Those figures include season adjustments. Without seasonal adjustment, the unemployment rate for African American men was 5.0 in September, also the lowest rate since December 1973, when it was 4.9 percent.
The overall U.S. unemployment level hit its lowest since December 1969, according to data released by the government Friday.
https://www.breitbart.com/economy/2019/10/04/unemployment-for-african-american-men-falls-to-near-1973-low/