Unemployment rate drops to 3.7 percent - lowest since 1969
Unemployment rate drops to 3.7 percent - lowest since 1969
The American Economy Added Just 134,000 Jobs in September Unemployment Drops to Lowest Level Since 1969 AFP5 Oct 2018
07 October, 2018, 18:14
The U-6, or underemployment rate, rose to 7.5% from 7.4%. September's unemployment rate has decreased or remained the same every year since it hit a high of 9.8 percent in 2009.
"For years now we have continued to cross fingers and say more substantial wage growth soon", said Mark Hamrick, Bankrate.com senior economic analyst. Almost 300,000 workers told the BLS that bad weather kept them away from their jobs, most likely in industries like hospitality in which they're paid only if they show up.
The Labor Department said it was "impossible to quantify" the hurricane's net effect on employment. North said the numbers indicate that employers are requiring the people they already have on their payrolls to work longer hours each week.
Most analysts blamed the slower pace of hiring last month on Florence, which struck North and SC and closed thousands of businesses. Wage growth entered this year at 2.9% in January and remained the same last month on a year-over-year basis.
(Kitco News) - Gold prices are holding relatively steady, hovering above the psychological level of $1,200 an ounce as the US labor market showed a mixed picture last month. And the unemployment rate could rise or - as other unemployed workers find jobs - stay the same. The August reading was the highest since February. September marked the third straight month of unemployment below 4 percent.
Average hourly earnings rose 0.3% from the prior month, matching estimates, following a downwardly revised 0.3% gain, the report showed. Overall government payrolls increased by 13 000.
"The momentum in the labor market remains strong and we expect the unemployment rate to continue to decline", said John Ryding, chief economist at RDQ Economics in NY. Economists had penciled in some cooling in the year-over-year results, as a strong number for September 2017 wages presented a hard comparison. Households are saving almost 7 percent of their incomes - more than twice the savings rate before the recession.
With September's increase below the 0.5% gain recorded during the same time last year, that lowered the annual increase in wages to 2.8% from 2.9% in August, which was the biggest rise in more than nine years.
With unemployment so low, companies are facing intense pressure to raise pay to land workers. So any hourly workers who weren't paid during the survey period because Florence forced their employer to close temporarily wouldn't have been counted as employed during September.
Shipments of core capital goods, which are used to calculate business equipment spending in the gross domestic product report, dropped 0.2 percent in August instead of rising 0.1 percent as reported last month.
The number of unemployed people who have given up looking for jobs because they believe that none are available was the same as it was in September 2017. The employment- population ratio, another broad measure of labour-market health that central bankers like to watch, rose to 60.4% from 60.3%.
Kinzelbach also urged Interpol to issue a yellow notice - a global alert used to help locate missing persons - on Meng's behalf. She was initially quoted by police sources as saying she had not heard from him since his departure on 29 September.
Steve Daines to stay at his daughter's wedding in his home state instead of flying to Washington to cast his supporting vote. Lisa Murkowski explained her decision Friday to oppose the confirmation of Judge Brett Kavanaugh to the Supreme Court.
Invest 91 L has been given an 80% chance of development within the next 2 days, and a 90% chance within the next 5 days. Western Cuba can expect 3 to 7 inches of rain, with 12 inches possible in some areas, according to the center.
Just 6 minutes later, French striker, Anthony Martial, grabbed the equalizer for Man United , with a great curling effort. He told BT Sport: "Not substitutions, it is mentality it is desire, it is commitment". "So we expect a hard match".
The protest comes as Kavanaugh is preparing to be sworn in by Chief Justice John Roberts and retired Justice Anthony Kennedy . In what is known as a "pairing" in Congressional jargon, Murkowski voted "present" to honor the would-be "yea" vote of Sen.
In comments responding to the statement on Facebook , Gilbert residents shared stories of erratic bird behavior. The reason, authorities said, is an early frost that sped up the fermenting process of local berries.
The third-quarter operating profit of the chip business is expected to have hovered above 13 trillion won for the first time ever. LG Electronics said on October 5 its third-quarter operating profit moved up 44.4 percent on-year.
Overall, the 26-year-old has scored 10 goals and registered three assists in 10 games across all competitions this season. Szczesny wasn't asked to do much in this match, but he did save the only shot on target he faced.
Deeply coloring the day's events was a burning resentment by partisans on both sides, on and off the Senate floor. All four lawmakers who'd been undeclared said little or nothing to reporters as they left the chamber.
Mourinho: I’m victim of a ‘manhunt’
That was time enough for him to reject suggestions his squad were struggling for confidence. I have begun to feel that if it rains in London tomorrow it is my fault.
Spanish opera singer Montserrat Caballe dead at 85
She was admired around the world for her versatility and as one of the greatest opera stars to have graced the stage. During her carrer, Montserrat starred in 90 opera roles with almost 4,000 stage performances.
May appeals for party unity at 'toughest phase' of Brexit
May's unexpectedly disarming conference speech followed, exhorting the party to come together, or Brexit is at risk. Mrs May is expected to tell delegates she "passionately believes" Britain's best days lie ahead after Brexit .