The Briefing Room

General Category => Economy/Business => Topic started by: mystery-ak on October 04, 2019, 01:03:11 pm

Title: Economy adds 136K jobs in September as jobless rate reached 50-year low
Post by: mystery-ak on October 04, 2019, 01:03:11 pm

Economy adds 136K jobs in September as jobless rate reached 50-year low
By Sylvan Lane - 10/04/19 08:35 AM EDT

The U.S. added 136,000 jobs in September, the Labor Department reported Friday, slightly missing economists' expectations but dragging the unemployment rate to its lowest level since December 1969.


The unemployment rate fell to 3.5 percent from 3.7 percent while the labor force participation rate held even at 62.3 percent. The August total job gain was revised up to 168,000 from an initially reported 130,000, while July’s gain was revised up to 166,000 from a previous estimate of 159,000 new hires.

more
https://thehill.com/policy/finance/464313-september-jobs-report-economy

Title: Re: Economy adds 136K jobs in September as jobless rate reached 50-year low
Post by: GrouchoTex on October 04, 2019, 01:12:18 pm

 :thumbsup:

Title: Re: Economy adds 136K jobs in September as jobless rate reached 50-year low
Post by: OfTheCross on October 04, 2019, 01:22:14 pm

Quote from: mystery-ak on October 04, 2019, 01:03:11 pm

Economy adds 136K jobs in September as jobless rate reached 50-year low
By Sylvan Lane - 10/04/19 08:35 AM EDT

The U.S. added 136,000 jobs in September, the Labor Department reported Friday, slightly missing economists' expectations but dragging the unemployment rate to its lowest level since December 1969.


The unemployment rate fell to 3.5 percent from 3.7 percent while the labor force participation rate held even at 62.3 percent. The August total job gain was revised up to 168,000 from an initially reported 130,000, while July’s gain was revised up to 166,000 from a previous estimate of 159,000 new hires.

more
https://thehill.com/policy/finance/464313-september-jobs-report-economy (https://thehill.com/policy/finance/464313-september-jobs-report-economy)

This is great news. The more people are employed the better for society.

I just wish our wages weren't stagnant (https://www.weforum.org/agenda/2019/04/50-years-of-us-wages-in-one-chart/)


(https://assets.weforum.org/editor/large_wMMFc9vl93njMaDg7aEhjX2O_Qo9AQ80F6zscRVdp0w.jpg)

Title: Re: Economy adds 136K jobs in September as jobless rate reached 50-year low
Post by: IsailedawayfromFR on October 04, 2019, 01:32:43 pm

I found this news site which compares right, center and left points of views on the news.

Interesting to compare how some twist good news like this, in spite of this real data.
(https://s.yimg.com/ny/api/res/1.2/12iwLXyjUenoFPh.lJptRg--~A/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9MTI4MDtoPTk2MA--/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-uploaded-images/2019-10/8c9e8770-e6a6-11e9-ad6d-8cdd474c00f3)

https://www.allsides.com/story/economy-added-136000-jobs-september (https://www.allsides.com/story/economy-added-136000-jobs-september)

Title: Re: Economy adds 136K jobs in September as jobless rate reached 50-year low
Post by: GrouchoTex on October 04, 2019, 01:44:03 pm

Quote from: IsailedawayfromFR on October 04, 2019, 01:32:43 pm

I found this news site which compares right, center and left points of views on the news.

Interesting to compare how some twist good news like this, in spite of this real data.
(https://s.yimg.com/ny/api/res/1.2/12iwLXyjUenoFPh.lJptRg--~A/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9MTI4MDtoPTk2MA--/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-uploaded-images/2019-10/8c9e8770-e6a6-11e9-ad6d-8cdd474c00f3)

https://www.allsides.com/story/economy-added-136000-jobs-september (https://www.allsides.com/story/economy-added-136000-jobs-september)

LOL
I wouldn't be surprised if they would have added "and those estimated 9,000 not finding work are starving".