Posted on 10/06/2023 6:03:54 AM PDT by Diana in Wisconsin
The nation's employers added 336,000 jobs in September, an unexpectedly robust gain that suggests that many companies remain confident enough to keep hiring despite high interest rates and a hazy outlook for the economy.
Friday's report from the Labor Department showed that hiring last month jumped from a 227,000 increase in August, which was revised sharply higher. July's hiring was also healthier than initially estimated. The economy has now added a healthy average of 266,000 jobs a month in the past three months.
The unemployment rate was unchanged at 3.8%.
The job market has defied an array of threats this year, notably high inflation and the rapid series of Fed interest rate hikes that were intended to conquer it. Though the Fed's hikes have made loans much costlier, steady job growth has helped fuel consumer spending and kept the economy growing.
The September hiring report comes at a time when the Fed is scrutinizing every piece of incoming economic data to decide whether it needs to raise its benchmark rate once more this year or instead just leave it elevated well into 2024.
(Excerpt) Read more at channel3000.com ...
What are the jobs? It’s probably service industry and ramping up for holiday sales. I put in an application for a position yesterday in which 900 resumes were already submitted. And that’s the norm.
I don’t believe a thing that this government puts out.
These aren’t the numbers I read last week. “Economic resilience” my ass. Liars.
But. of course these numbers will be revised down shortly as usual. How many of these people are non tax paying illegals?
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The US is still the most dynamic and resilient economy in the world.
Another interest rate hike on deck now.
OnlyFans cover up applicators…
LOL - I believe I just saw a more credible report that said it was an anemic 89,000.
Agreed.
And yet you’ll hear the old liar keep proclaiming to his idiot base that the economy is improving, and “America is STRONG!”, etc. etc.
They must believe that their idiot base is enough to win them elections, since they do this 24/7, 365.
It will get revised down when they lie about October.
The BLS has zero credibility.
I’m thinking they counted all the ‘unemployed’ teachers that just went back to school last month and are now magically, ‘employed.’ *Rolleyes*
Don’t worry. This ‘figure’ will be ‘revised’ to reflect the actual number of about 80K that ADP predicted just yesterday.
Liars. D@mn liars!
WOW! 900 for one job? Yikes! Glad I no longer need to work.
30 years experience and been looking for more than 3 months now, never been out of work for more than a month in my life...
Keep telling me the economy is booming.
The numbers are most likely a blatant lie. They do this all the time. In a few months, the numbers will be quietly revised downward.
Guessing these are part-time add ons
Tell me lies, tell me sweet little lies.
Mostly low paying “second” jobs.
When we start seeing the strikes show up…things will start getting exciting.
Sure they did. And Biden won the election fair and square.
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