In the U.S., recorded a minimum level of unemployment for 50 years

In the U.S., recorded a minimum level of unemployment for 50 years”

But with unemployment at levels not seen since Richard Nixon was in the White House, the September report was also sure strengthen the case for the Federal Reserve to continue raising interest rates.

If Republicans can make the case to voters that their policies are largely responsible for this increased pay and improved job prospects, they can maintain control of Congress on Election Day.

Economists forecast another robust month of job gains. This suggests that the tax cuts that took effect this year are boosting job opportunities. In August, the unemployment rate was 3.9 percent. The year-over-year increase in the average hourly wage was 2.8 percent, that is down from 2.9 percent in last month's data. The combination of gains in employment and moderate increases in wages is lifting disposable incomes. Downward revisions in jobs for June and July brought the three-month average to 185,000 per month. This is the longest period of job growth in history. The labor force participation rate fell by 0.2 to 62.7 percent. The unemployment rate for college grads fell by just 0.1 percentage points. Across education levels, unemployment rose by 0.6 percent for those with less than a high school education and by 0.3 percent for those with partial education. Gains or losses are calculated via the Current Employment Survey of 147,000 business establishments, while the unemployment rate is based on the Current Population Survey of 60,000 households.

It should also be remembered that by this time in 2008, the job market had been in a six-digit monthly free-fall for half a year.

Two surveys provide data for each monthly BLS jobs report.

The comparable statistics for Canada have been: +1.2% for total; +1.2% for services; -1.4% for manufacturing; and +2.4% for construction.

There were fewer jobs, however, added to the US economy in September than analysts expected. department figures showed about 134,000 new jobs for September - well below the 185,000 anticipated by experts. A separate report from the Commerce Department showed that the United States trade deficit widened in August, reflecting an increase in imports and a decrease in exports. Home health added 2,200 jobs, 72% fewer than the month before. Regardless, those risks are unlikely to be reflected to any great degree in this morning's report.

Like this



07 October 2018
Arsenal fullback Monreal wants to heal Europa League disappointment
Despite a two-goal cushion, Emery felt the need to introduce both Ozil and Lacazette from the bench as the second half wore on. Asked about the struggle of playing Thursday and Sunday, he replied: "Yes but the Premier League is very hard ".

07 October 2018
Young gun's debut ton puts India on top
It's the latest high for Shaw, who broke countless records growing up and has been considered by many as India's next big thing. The Mumbaikar is now the second youngest Indian cricketer to have scored a century on his Test debut .

07 October 2018
Microsoft pulls Windows 10 October 2018 update as users files went missing
That's great right up until Microsoft releases an update that causes problems for the end user. The company kicked off the update's rollout earlier this week at its NY event.

07 October 2018
Extremely venomous sea snake kills man in Australia
Most bites reportedly occur on fishing trawlers, as workers pull in nets, as was the case last week, MESA said on its website. According to research published previous year , snakes were responsible for 27 deaths in Australia between 2000 and 2013.

07 October 2018
These Are All of Brett Kavanaugh's Lies
Roche says he believes his friend Deborah Ramirez, who has accused Kavanaugh of exposing himself to her at a college dorm party. I am willing to speak with them about my experiences at Yale with both Debbie and Brett.

07 October 2018
Lewis Hamilton roars to Japanese GP pole, horror run for Vettel
It's a very mixed-up starting grid, but the sight of Romain Grosjean's Haas leading the third row is an intriguing one. Vettel dived for the inside, Verstappen half defended but left space. "They don't make tracks like this anymore".

07 October 2018
Netflix consumes 15% of the world’s global internet traffic
In total, streaming video accounts for more than half the bandwidth on the internet worldwide at 58% of total bandwidth. In the U.S., Amazon Prime Video has now outperformed YouTube in information utilization (7.7% versus 7.5%).

07 October 2018
Shocking TellTale Games closure speaks to larger industry issues
Now, nearly two weeks later, those remaining 25 employees-known as the studio's "skeleton crew"-have been laid off ". Although it's not confirmed officially though, I'd say the Walking Dead is now effectively cancelled.

07 October 2018
Kavanaugh poised to win confirmation to the Supreme Court Saturday afternoon
That's because Republican senators who had been wavering on the issue have come down, with one exception, on Mr Kavanaugh's side. But after an 11th-hour investigation by the FBI into the allegations, enough wavering senators chose to back the nomination.

07 October 2018
Turkey summons Saudi ambassador over journalist's disappearance at consulate in Istanbul
He failed to emerge from the building, with his fiancé raising the alarm and Turkish authorities investigating the incident. The US state department has also requested information about Khashoggi's whereabouts and expressed concern about his safety.