WASHINGTON (AP) — The U.S. unemployment rate fell to 3.7 percent in September, the lowest level since December 1969, as the longest streak of hiring on record has put millions of Americans back to work since the Great Recession.
The Labor Department says employers added just 134,000 jobs, the fewest in a year, though that figure was likely lowered by Hurricane Florence. The storm struck North and South Carolina in the middle of September and closed thousands of businesses. A category that includes restaurants, hotels and casinos lost jobs for the first time since last September, when Hurricane Harvey had a similar effect.
Even with unemployment at a historic low, average hourly pay increased just 2.8 percent from a year earlier, one tick below the yearly gain in August.
Yep, Florence cut down on some of those great hobs at the coal ash and hog shit pits.
Not enough workers to fill the jobs out there. We need more immigrants!
Thanks, Obama!
And now for reality: 21.5% unemployment, no economic growth and 10% inflation as measured June, 2018. This takes into account the millions who gave up, and the millions who went from mfg. jobs to MacDonald’s and can no longer afford rent / medical care / food:
http://www.informationclearinghouse.info/49632.htm.
And 43% of Americans cannot afford food and rent:
https://www.strategic-culture.org/news/2018/05/23/when-43-americans-cant-pay-for-food-and-rent-we-can-safely-say-economic-collapse-here.html.
And here is the reason authors like this one write such deceptive numbers and paint their fantasy picture:
https://www.strategic-culture.org/news/2017/12/12/peak-fantasy-time.html.