U.S. unemployment rate drops to 6-year low at 5.9%

CRAIN's CLEVELAND BUSINESS ^ | 10/03/2014 | SCOTT SUTTELL

[SeekAndFind]

The U.S. unemployment rate is below 6% for the first time in more than six years.

The U.S. Bureau of Labor Statistics reported Friday morning, Oct. 3, that the economy added 248,000 jobs in September, pushing the unemployment rate down to 5.9% from 6.1% in August. The unemployment rate hadn’t been below the 6% mark since July 2008, according to BLS historical data.

Employment increased most strongly in professional and business services, retail trade and health care, the government said.

The government said the number of people unemployed in September declined by 329,000 to 9.3 million. During the last year, the U.S. unemployment rate has fallen by 1.3 percentage points, from 7.2% in September 2013, and the number of people unemployed has dropped by 1.9 million.

The payroll employment gain of 248,000 in September exceeded the average monthly gain of 213,000 over the prior 12 months.

BLS said professional and business services added 81,000 jobs in September, compared with an average gain of 56,000 per month over the prior 12 months. Employment in retail trade rose by 35,000 in September. Health care added 23,000 jobs in September, in line with the prior 12-month average gain of 20,000 jobs per month.

The report indicated that the previous two months look better, too, from a job-creation perspective.

[july4thfreedomfoundation]

“Just in time for the Mid-term elections.”

___________________________________________________

That’s right! Fudged figures from President Obola’s
Ministry of Disinformation.

[DoughtyOne]

The unemployment rate has become worthless to report.  We have 25% of our work force out of work, and they still report this out.

It's downright insulting to the Citizens of the United States.


Ramirez's latest political cartoon LARGE VERSION 10/03/2014: LINK  LINK to regular sized version of Ramirez's latest, and an archive of his political cartoons.
In this political cartoon, Ramirez presents, "Nuclear Iran"

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[Califreak]

Where’s the yeah right girl?

[molson209]

LOL, must be an Election coming up ,ROFL

[Georgia Girl 2]

The number of working age people unemployed is almost 93 million.

[lostboy61]

Bullshit numbers!!! This is why I told my kids to not smoke dope. You say silly things and believe silly things and don’t care what people think.

[bicyclerepair]

Remember during W’s terms when unemployment was <6% and they still criticized him?

[minnesota_bound]

Just before an election too.....
Never mind those 92+ million Americans out of work.

[newfreep]

TOTAL dropped out = 92 MILLION
WOMEN dropped out = 55 MILLION

comrade obamatollah is leading the REAL war on women.

[Gritty]

Wow!

Are good times here again, or what!!??

[Vaduz]

Pick a number any number will do.

[cherokee1]

Nobody took my bet so nobody has to pay but I was willing to take all comers six months ago that the fake unemployment rate would be under 6 percent by Oct 1.

[jennychase]

Two questions:

1) For how long? 2yrs

2) Which state in the country do you live in? CA

[SeekAndFind]

RE: 2) Which state in the country do you live in? CA

And there’s the problem right there ( not your fault, BTW ). You live in one of the most business UNFRIENDLY states in the nation.

The only two cities I think where hiring is still going on are in the Silicon Valley area and San Diego. But then you’ll have to be a techie to get hired.