US unemployment rate lowest since 1969

[Teh One Who Knocks]

By Leia Klingel | FOXBusiness


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The U.S. economy added 134,000 jobs in September below analysts' expectations while the unemployment rate was 3.7 percent, the lowest unemployment rate since 1969.

Analysts polled by Refinitiv (formerly Thomson Reuters) forecast that the U.S. economy would add 185,000 jobs in September with the unemployment rate ticking down to 3.8 percent.

Wages tapered slightly in September. The August jobs report showed average hourly earnings rose 2.9 percent in the 12 months ending in August, the September wage growth reduced the 12 month movement to 2.8 percent.

The number of Americans active in the workforce was steady, with the labor participation rate coming in at 62.7 percent.

Heading into the jobs report, there was the concern that there would be a one-time weather impact from Hurricane Florence, and its disruption could be behind the lower-than-expected amount of jobs created.

[Goofy]

Trump ftw

[RBP]

Sounds nice, but I don't trust the numbers any more.

The economy added 137,000 jobs you say? Well, except that involuntary part-timers went up by 263,000.

Where are the gig economy people listed? To my knowledge, nowhere.

How big is the “gig economy”? On Thursday, the Bureau of Labor Statistics gave the first official reading of how many Americans rely on temporary work, freelancing, and on-demand apps to make ends meet. And the answer is: a lot.

The report found that 16.5 million people are working in “contingent” or “alternative work arrangements”. Nearly 6 million people, 3.8% of workers, held contingent jobs in the US in May. Another 10.6 million were working as independent contractors, on-call workers, temporary help agency workers and for contract firms.

The numbers, which include jobs at gig economy leaders such as Uber, Lyft and Airbnb, dwarf other more high-profile industries. The coal industry, for example, employs about 80,000 Americans, and steel employs about 150,000. The figures give academics and activists their first real hard data as courts, workers and employees struggle with the consequences of a changing work environment.

https://www.theguardian.com/business/2018/jun/07/america-gig-economy-work-bureau-labor-statistics

[Hikari Kisugi]

UK figures are the same.
The best ever, lowest unemployment, but the nation certainly isn't flying to the highest of extreme wealth right now.
I am reminded of the criticism during the Obama era, when he brought unemployment low, and folks followed with suggestions that it was low as they had to work 3 jobs to make ends meet.

[Muddy]

ROLL THE CHARTS!!!!