Posted on 10/04/2019 6:07:14 AM PDT by abb
Black, Hispanic Unemployment Rates at All-Time Lows
The U.S. unemployment rate in September fell to 3.5%, the lowest level since May 1948, and total nonfarm payrolls increased by 136,000. The unemployment rate for black (5.5%) and Hispanic (3.9%) workers are at record lows.
Forecasters were expecting a low of 120,000 to a high of 179,000. The consensus forecast was 145,000. However, the U.S. economy added more than 40,000 jobs than the last two jobs reports indicated.
The labor force participation rate held steady at a very positive 63.2%, beating the consensus forecast expecting a 0.1% decline. The employment-population ratio, though little changed at 61.0% for September, has now been up by 0.6% for the year.
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.
“The September jobs report is a very solid report,” Tim Anderson, analyst at TJM Investments at the New York Stock Exchange (NYSE), said. “While it may be a touch below the ‘in print’ consensus, many were expecting a headline number below 100,000 after the negative data earlier in the week.”
With these revisions, employment gains in July and August combined were 45,000 more than previously reported.
“With the labor force participation rate holding above 63% and the solid upward revision to August and July combined, this was a very positive report,” Mr. Anderson added. “115,000 of those jobs were in the private sector.”
Worth noting, the Challenger, Gray & Christmas Job-Cut Report released earlier this week for September came in at 41,557, down from nearly 60,000 in August. It was a positive sign for the Employment Situation.
unexpectedly
The favorite adverb of major news organizations when describing dreary economic news since 2009. It is believed to have originated around May 19, 2009, when Reuters reported "new U.S. housing starts and permits unexpectedly fell to record lows in April . . . denting hopes that stability in the housing market was imminent." Has since been incorporated into the style book of the Associated Press, as well as other journalistic entities.
Anticipated to remain in the forefront of economic reporting until the end of 2016, when it will "unexpectedly" disappear from the landscape. "The pace of expansion in the U.S. manufacturing sector unexpectedly slowed in March, according to an industry report released on Monday."--Reuters, 4/1/13
"U.S. manufacturing unexpectedly contracted in November, falling to its lowest in over three years ..."--Reuters, 12/3/12
"Previously owned U.S. home sales unexpectedly dropped in March as a lean supply of properties kept the industry from generating a stronger recovery."--Bloomberg, 4/22/13
" Employers added fewer jobs than forecast in November and the unemployment rate unexpectedly increased ..."--Washington Post, 12/3/10
Hey kiddies, today’s word is “Unexpected”.
Yup. Democrats do not like this at all. The impeachment hurricane has stalled.
Democrats looking for a nuclear bomb to push it forward. Good luck with it.
Well, the corrupt media is forced into reporting good news, so they need to somehow editorialize to make it a negative because they are so full of hatred and vitriol.
Go ahead Nancy, impeach Trump. When B. Hussein was POTUS I knew 3 people and my brother who were unemployed and pissed off. Today all of them are employed including my brother who is making more money that he ever made in his life. Oh yes, and the Post office is hiring, no experience necessary. Starting salary? $72k a year. Go ahead Nancy, impeach him.
“However” is apparently a derivative of “unexpected.”
https://www.cnbc.com/2019/10/04/jobs-report-—september-2019.html
However, past numbers were revised higher. August was revised up to 168,000 from an initial estimate of 130,000, while July was increased to 166,000 from 159,000, for a net gain of 45,000.
Nancy massively screwed up when she announced impeachment before really knowing the facts. Now she is stuck with having to do it based on heresay. This is going to blow up in the democraps face like an atomic bomb.
But those minority groups will still vote for whatever loony-tune the Dems put forward.
Thank you Mr President
PT will get at least 30 percent of the male black vote.
If he gets even 15%, the dems are cooked.
Pass this on to CBSSN Inside College Football
Adam Zucker: The “Word of the Day” is “unexpectedly”
Rick Neuheisel: Ohio State unexpectedly trounced Nebraska
Aaron Taylor: Michigan’s offensive woes unexpectedly continue
Randy Cross: Bo Nix is unexpectedly having a great year
Brian Jones: Unexpectedly, Joe Burrow is having a Heismanesque season
Don’t bet on it...........................
Which means the the Obamabots left in place at BLM have been fudging the numbers down until it became too obvious......................
This Ain’t Good,
$/
One of Val Jar / Obama’s most insidious acts was to convert what were political appointment jobs to Civil Service jobs, so that the appointees could not be fired easily by the next POTUS..................
https://www.wsj.com/articles/global-stocks-pause-ahead-of-jobs-report-11570177046?mod=article_inline
U.S. Stocks Climb After Jobs Report
Investors turn to shares, sell traditionally safe assets like Treasurys and gold after employment data
By Gunjan Banerji and Avantika Chilkoti
Updated Oct. 4, 2019 9:42 am ET
U.S. stocks and government bond yields jumped Friday after the September jobs report showed employers added jobs at a steady pace.
2018 Mid terms:
Blacks - 90%
Hispanics - 69%
Asian - 77%
We'll see...
“Aaron Taylor: Michigan’s offensive woes unexpectedly continue”
Michigan trounced Rutgers 52-0. I credit Rutgers defense for holding Michigan to only 52 points.
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