The American Economy Added Just 134,000 Jobs in September Unemployment Drops to Lowest Level Since 1969 AFP5 Oct 2018
07 October, 2018, 09:47
It fell from 3.9 per cent in August to 3.7 per cent in September, the lowest since December 1969, the Department of Labor's employment situation report showed today. So far this year, monthly job growth has averaged 208,000, up from a pace of 182,000 for all of last year.
A month ahead of hard-fought congressional elections, the result was sure to delight US President Donald Trump, who has eagerly taken credit for America's extended run of economic expansion even as his Republican party faces a possible rebuke from disenchanted voters. Most U.S. businesses will try to absorb the higher costs themselves, at least for now, and avoid any layoffs.
Still, should the tariffs remain fully in effect a year from now, roughly 300,000 jobs could be lost by then, according to Mark Zandi, chief economist at Moody's Analytics.
The claims data has no bearing on September's employment report, which is scheduled for release on Friday. Those numbers are not adjusted for inflation, which has been eating into wage gains over the past several months as the Federal Reserve has hiked interest rates in response to a strengthening economy.
With unemployment so low, companies are facing intense pressure to raise pay to land workers. And women were much less likely to work.
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.
Government data for September also shows Hispanic unemployment dropped to 4.5 percent, matching the record low of July. And the rising presence of prime-age people in the job market has been offset by the steady retirements of older members of the vast baby boom generation.
"That said, 134,000 job is far from a awful employment number and with August's being revised up by another 69,000, the labour market looks extremely healthy and provides further evidence of a booming economy". Over the course of this year, recruiters have been more open to job candidates they may before have overlooked, such as those with criminal histories.
The increase of part-time rather than full-time workers could be keeping the wages down.
More hours, of course, mean larger weekly paychecks.
Average hourly earnings rose by 0.3% in September, as expected, and the same as the preceding month. Figures issued Thursday showed applications for unemployment benefits fell in the week ended September 29 following a storm-related surge in the prior week, and claims are once again near the lowest level in nearly five decades. Retailers have begun scrambling to hire enough workers for what's expected to be a robust holiday shopping season. Consumer prices, for example, rose 2.7 percent in August from 12 months earlier. The Labor Department said claims for South and North Carolina were affected by Hurricane Florence, which lashed the region in mid-September. In particular, hiring might have been constrained in construction and restaurants because the storm likely closed construction work sites and restaurants.
He pled not guilty to first-degree murder charges, one charge of official misconduct and 16 counts of aggravated battery. The jury, which deliberated for 7 and one-half hours, acquitted him of one count of official misconduct.
Republican and Democratic strategists expect Kavanaugh's nomination to galvanize their voters ahead of the midterm elections. But Collins addressed the 2020 election in an interview with News Center Maine (WCSH/WLBZ) shortly after Saturday's vote.
Melania has been criticised for everything from her outfit choices to reading to African children and even visiting elephants. She had pin-pointed promotion of child education, fight against HIV/AIDS and conservation as her pivotal areas of focus.
Ramirez". "Part of it is she already testified to the Senate Judiciary Committee, both of them", Quick said. The vote is not a final verdict on Kavanaugh but is likely to establish his chances of reaching the Court.
While in Asia, Pompeo will also visit Japan, South Korea and China, State Department spokesperson Heather Nauert said. On Saturday, Trump lavished praise on Kim and said they had fallen "in love" after exchanging letters.
The U.S. has yet to publicly provide any evidence to back up that claim. "Outlaw regime", Zarif wrote on Twitter. Iran had sought suspension of the sanctions in August hearings and had challenged them a month earlier, in July.
The problem is you guys try to find a reason why we lost and the simple reason is we didn't play good". Brooks Koepka signs a glove and gives it to the woman who was hit by the ball during the Ryder Cup .
India purchased the Russian long-range, surface-to-air missile systems which can destroy cruise and ballistic weapons. The deal was also not inked at the agreement-signing ceremony in the presence of the two leaders as is the practice.
He rose to fame with graffiti that appeared on buildings across the United Kingdom , often marked by deeply satirical undertones. The artist himself posted a photo of the shredded work on his Instagram page with the caption, "Going, going, gone".
The company says the issue differs from problems with the Prius fail-safe mode that were addressed in the 2014 and 2015 recalls. Auris , Prius and Prius+ hybrid cars with the 1.8-litre engine, built between October 2008 and November 2014, are affected.
Protesters occupy Supreme Court steps
Republican Senator Susan Collins and Joe Manchin , a Democrat, both indicated their backing for the judge on Friday, BBC reported. Murkowski said she'd use an obscure procedure that lets one senator offset the absence of another without affecting the outcome.
Spanish opera singer Montserrat Caballe dies at 85
Montserrat had been staying in the Barcelona hospital since September after entering because of a gall bladder problem. She was ordered to pay €254,000 and accepted a six-month suspended jail sentence as part of a deal with prosectors.
Interpol asks China for status of its missing president
The paper reported that after landing, Meng was "taken away" for questioning by what it said were "discipline authorities". It was not clear why Meng, 64, who has been Interpol's president for two years, had travelled to China.
Pakistan's anti-graft body arrests opposition leader
A Latif and sons for the development and infrastructure of Ashiana Iqbal Housing Project were illegally cancelled. He will be kept in a highly-secured lock-up inside the NAB Lahore office until his appearance in court.
Safe landing as space station trio return to Earth
After several months serving as Expedition 56 Commander aboard the ISS, Feustel was scheduled to land back to Earth on Wednesday. ISS astronauts are planning a spacewalk in November to gather more information on the hole.
1 in 3 USA adults eat fast food each day
She adds that it's also up to primary care physicians to talk their patients about the dangers of eating too much fast food. Perhaps surprisingly, the CDC found that fast food consumption grew with increasing family income.
Sponsors threaten to dump Ronaldo over rape allegations
The accusation is also deeply worrying for the Agnelli family, who own both Juventus and Jeep's parent firm Fiat Chrysler. One of the wealthiest and most gifted footballers of all time, Ronaldo wears Nike boots and appears in its advertising.