Economy Added 136,000 Jobs in September
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From the Center
U.S. Economy Added 136,000 Jobs in SeptemberU.S. employers added jobs at a steady pace last month, and the unemployment rate hit a 50-year low, signaling the labor market continues to provide opportunities for Americans in search of work despite a broader economic slowdown.
The U.S. economy added 136,000 jobs in September, the Labor Department reported Friday. The jobless rate dropped to 3.5% in September from 3.7% in August, marking the lowest jobless rate since December 1969, when it also logged in at 3.5%.
Meanwhile, average hourly earnings climbed 2.9% from September 2018, a slowdown from previous...
From the Left
Jobs report: Economy adds 136,000 payrolls in September, unemployment rate falls to 3.5%U.S. employers added fewer jobs than expected in September and wage gains slowed, adding to signs of decelerating growth in the domestic economy. However, the unemployment rate unexpectedly declined to a fresh five-decade low of 3.5%.
Here were the main numbers from the Department of Labor’s September jobs report, versus consensus expectations compiled by Bloomberg:
Nonfarm payrolls: 136,000 vs. +145,000 expected and +168,000 in August
Unemployment rate: 3.5% vs. 3.7% expected and 3.7% in August
Average hourly earnings MoM: +0.00% vs. +0.2% expected and +0.4% in August
Average hourly earnings...
From the Center
U.S. adds 136,000 jobs in September, unemployment rate hits 50-year lowThe numbers: The economy added 136,000 new jobs in September, the government said Friday. Economists polled by MarketWatch had forecast a 150,000 increase.
This is the slowest pace of job growth in four months, as businesses grew more cautious about hiring, but employment gains for August and July revised up by a combined 45,000
And in a separate survey, the U.S. unemployment rate dropped to 3.5%, the lowest rate since December 1969. The number of unemployed people fell by 275,00 over the month.
One dark spot in the report was...
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