unemployment / 2 posts found

The September Jobs Report in 9 Charts

by I'm Struggling
in News
U.S. employers added 134,000 jobs and the unemployment rate fell to its lowest level since 1969 in September. The total number of nonfarm payroll jobs rose by 1.7% over the past year, a pace that’s been little changed over the past two years. Weekly wages increased about 3.4% while hourly wages are up about 2.8% over the past year. Most of those gains, however, are only a little bit higher than the inflation rate. The unemployment rate of 3.7% is now the lowest since 1969. Broader measures of unemployment, which include discouraged workers who have given up searching for work, […]

Where Hurricane Florence May Show Up in the September Jobs Report

by I'm Struggling
in News
Hurricane Florence appears unlikely to knock the labor market off course. While the storm caused flooding in the Carolinas last month, the hurricane’s effects may not be obvious in the most closely watched figures in the September jobs report—the unemployment rate and payroll change—to be released Friday by the Labor Department. That’s due to a combination of the storm’s timing and its effects being felt by a relatively small slice of the U.S. economy. Economists surveyed by The Wall Street Journal expect the unemployment rate to tick down to 3.8% in September and project U.S. employers added 180,000 jobs to […]