Winning! US Unemployment Hits 49-Year Low
The U.S. unemployment rate reached 3.7 percent in September that’s the lowest level recorded since December 1969…
The best economy since I was born and we’re just getting started! Thank you President Trump.
More bad news for Barack Obama! Someone send him a box of kleenex! It’s going to be hard for him to take the credit for this but I’m sure he’ll try.
— Sean Duffy (@RepSeanDuffy) October 5, 2018
The U.S. economy added 134,000 jobs in September, falling under experts’ expectations by 46,000, according to Friday’s jobs numbers from the Bureau of Labor Statistics.
The unemployment rate fell 0.2 points to 3.7 percent, matching the lowest rate since 1969. Economists expected the rate to drop slightly to 3.8 percent, according to The Wall Street Journal. August’s jobs numbers were revised upward from 201,000 to 270,000.
The September jobs report was released the day after new jobless claims fell back near a five-decade low despite destruction from Hurricane Florence putting many people out of work in North Carolina and South Carolina. More
“The strength of the labor market outside the South Atlantic has compensated for the regional weakness,” wrote Michael Gapen, a Barclays economist, in a note to clients.
This could change in coming weeks if North and South Carolinians who didn’t immediately file for unemployment benefits do so.
Obama put in place all the regulations that were strangling America’s economy that President Trump removed!