Unemployment Rate Falls to Lowest Level Since 1948, U.S. Adds 136K in September (Unexepectedly)

Peoples Pundit Daily ^ | October 4, 2019 | Staff

[jmaroneps37]

WINNING!!

[allwrong57]

Same word they used every month when Obama’s numbers went the other direction! Everyone thought things were going great! Except they weren’t in the real world.

[AU72]

2018 Mid terms

Trump was not on any ballot.

[xzins]

There should be a big push next month for Christmas hiring.

We also should expect 3rd quarter GDP at end of October, iirc. With China and Fed holding down the GDP, it’ll be in the 2% range. It’s possible with Iran killing Saudi oil production that the US frackers amping up oil production could offset.

[SaxxonWoods]

She will just keep this fake impeachment inquiry going for months and never make it official, hoping to find more things to bitch about. Same as the Mueller farce turned out. Then she’ll blame the “system” as the election approaches and insist it must be changed.

[abb]

https://www.investors.com/market-trend/stock-market-today/dow-jones-leads-stock-market-rally-jobs-report-china-news-apple-stock-iphone/

Dow Jones Leads In Stock Market Rally On Key Jobs Report, China Trade News

SCOTT LEHTONEN
10:18 AM ET

The stock market was squarely higher in morning trade Friday as Wall Street weighed the September jobs report. Meanwhile. White House economic advisor Larry Kudlow commented that “positive surprises” regarding U.S.-China trade talks could be emerging next week. The Dow Jones industrials gained about 200 points in today’s stock market, led by Dow Jones stock Apple (AAPL). Apple stock jumped 2% after boosting production of its iPhone 11 models. Among the other Dow Jones stocks, McDonald’s (MCD) and Visa (V) were also early leaders.

[SeekAndFind]

RE: The U.S. unemployment rate in September fell to 3.5%, the lowest level since May 1948

I always want to ask the question — -WHAT IS THE LABOR FORCE PARTICIPATION RATE? Is it going up or not?

[SeekAndFind]

From ZERO HEDGE

• In September, health care added 39,000 jobs, in line with its average monthly gain over the prior 12 months. Ambulatory health care services (+29,000) and hospitals (+8,000) added jobs over the month.
• Employment in professional and business services continued to trend up in September (+34,000). The industry has added an average of 35,000 jobs per month thus far in 2019, compared with 47,000 jobs per month in 2018.
• Employment in government continued on an upward trend in September (+22,000). Federal hiring for the 2020 Census was negligible (+1,000). Government has added 147,000 jobs over the past 12 months, largely in local government.
• Employment in transportation and warehousing edged up in September (+16,000). Within the industry, job growth occurred in transit and ground passenger transportation (+11,000) and in couriers and messengers (+4,000).
• Retail trade employment changed little in September (-11,000). Within the industry, clothing and clothing accessories stores lost 14,000 jobs, while food and beverage stores added 9,000 jobs. Since reaching a peak in January 2017, retail trade has lost 197,000 jobs.

Below is a visual breakdown of all the main categories:

[Yaelle]

The stat is just fantastic. But everywhere I go I hear how no one can afford a middle class life on the average service or retail job. Even after years of experience. Most are 30 hr a week with no benefits.

[dowcaet]

What’s good for America is bad for Democrats and vice versa. Yes, it’s an old point we keep beating into the ground, but we have to remind ourselves of that over and over again when we deal with these fools!

[TMA62]

But...but....but....the media and democrats were screaming about the recession the last month(I guess that didn’t age well)

[Hoffer Rand]

Local news here reported a “modest” 136K in new jobs. No bias there, right?

[central_va]

And wages creep up slowly off of all time lows.

[upchuck]

WHAT IS THE LABOR FORCE PARTICIPATION RATE?

Your fav search engine is your friend:

https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm

[billyboy15]

2018 Mid terms:

Blacks - 90%
Hispanics - 69%
Asian - 77%

We’ll see...
***********************************************************

If the midterms were like the Presidential election as you seem to think, then why in 2012 didn’t Romney Kick Obamas ass in the election after the Republicans handed the Dems the biggest political defeat in our history in the 2010 midterms?

[A_Former_Democrat]

It’s Fing Rutgers

You know, the first program to fire its coach this season

[SeekAndFind]

Well, good news. I see it’s TRENDING UP.

So, unemployment rate is DOWN (3.5% ) even as Participation rate is UP (63.5%)

This is a good sign.

[grobdriver]

2012 race breakdown (Democrat):
Blacks - 93%
Hispanics - 71%
Asian - 73%

Lots of factors determine elections. My original comment was only that minorities continue to vote for the Dems, regardless what improvements they (as a group) see under Republicans.

We'll see...