The September Jobs Report

The September jobs report is out. Last month, the US economy created 136,000 net new jobs. The unemployment rate dropped to 3.5%. That’s the lowest in 50 years.

The number for July was revised higher by 7,000 and August was revised up by 38,000 for a total revision of +45,000. The private sector gained 114,000.

The labor force participation rate was 63.2%.

Working out the decimals, the unemployment rate is 3.517%. The last time unemployment was lower was November 1969.

The jobs to population ratio is up to 60.96%. That’s the highest since December 2008.

In the last year, average hourly earnings are up by 2.9%.

Posted by on October 4th, 2019 at 8:37 am


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