Unemployment Hits Lowest Point in 50 Years

  • 2019-10-04
  • Source: TTN
  • by: TTN Staff
Unemployment Hits Lowest Point in 50 Years
 
President Trump's economy continues to shatter records. The September jobs numbers just released showed that the unemployment rate has hit the lowest point in 50 years.

According to The Daily Caller:

The U.S. economy added 136,000 jobs in September, while the unemployment rate declined to 3.5%, according to Department of Labor data released Friday.

136,000 jobs were added in September, according to the Bureau of Labor Statistics report, about 6,000 more jobs than were added in August.

The unemployment rate declined to the lowest unemployment rate seen since December 1969, dropping from August’s unemployment rate of 3.7% to 3.5% in September. Unemployment for whites dropped to 3.2%, while the jobless rates for adult men, adult women, teenagers, blacks, Asians, and Hispanics remained relatively the same since August.

Economists predicted the unemployment rate would remain the same at 3.7%, according to the New York Times, and that employers would add 147,000 jobs.

Some economic indicators have shown the economy slowing but that could be due to the fact that it was growing at such a fast rate for such a long time.

Only time will tell, but this is great news for the Trump administration.

 Source: TTN

People, Places & Things

Article Index
X