Author Topic: Economy adds 661K jobs in final jobs report before Election Day  (Read 446 times)

0 Members and 1 Guest are viewing this topic.

Offline mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 381,842
  • Gender: Female
  • Let's Go Brandon!
Economy adds 661K jobs in final jobs report before Election Day
« on: October 02, 2020, 01:06:48 pm »
Economy adds 661K jobs in final jobs report before Election Day
By Sylvan Lane - 10/02/20 08:30 AM EDT

The U.S. gained 661,000 jobs in September, the Labor Department reported Friday in the final jobs report before Election Day.

The unemployment rate fell to 7.9 percent in September as the U.S. posted its fifth consecutive month of job gains after the onset of the coronavirus pandemic triggered the deepest and quickest economic contraction since the Great Depression.

Even so, the report came in well below the projections of economists and contained several red flags about the strength of the recovery from the coronavirus recession.


Economists had expected the U.S. to gain roughly 800,000 jobs in September to push the unemployment rate down to roughly 8.2 percent. While the unemployment rate fell below that level, the labor force participation rate—the percentage of potential workers seeking jobs—fell 0.3 percent, indicating declining confidence in the ability to find a job.

Permanent job losses also increased for the second consecutive month, rising by 345,000 to 3.8 million.

more
https://thehill.com/policy/finance/519286-september-jobs-report
Proud Supporter of Tunnel to Towers
Support the USO
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34

Offline Hoodat

  • Hero Member
  • *****
  • Posts: 35,818
Re: Economy adds 661K jobs in final jobs report before Election Day
« Reply #1 on: October 03, 2020, 12:54:16 am »
Trump's fault.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-