The U.S. economy added 134,000 jobs in September, well below expectations, as the labor market still shows strength heading into the fall.
The unemployment rate fell to 3.7 percent for the lowest level since December 1969, the Labor Department reported on Friday.
Mark Zandi, chief economist of Moody’s Analytics, said after a private survey found that businesses added 230,000 jobs last month, that at the current pace of job creation, unemployment will fall into the low 3 percent’s by this time next year.
Estimates had been for about 184,000 jobs in September.
There were 87,000 more jobs in July and August than initially reported.
…….
- Discussion
-
Economy adds 134,000 jobs in September, unemployment hits 49-year low #jobsreport https://t.co/YBJvgy0Nw2 pic.twitter.com/9mWt3BXttU
— The Hill (@thehill) October 5, 2018
Still don’t trust government numbers and the bean counters who tally them.
Me either. Especially right before a mid-term election where the GOP is very worried about losing.
You must be logged in to reply to this topic.