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US job growth blows past expectations, unemployment rate falls to 4.1% (www.reuters.com)

submitted 2 months ago by usernamesAreTricky@lemmy.ml to c/politics@lemmy.world

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[-] Rapidcreek@lemmy.world 49 points 2 months ago* (last edited 2 months ago)

"With 30 days until the election, has the economy improved too soon for Democrats? Some have concerns" - NYT. /s

[-] MyOpinion@lemm.ee 31 points 2 months ago

But but the Orange Turd says the economy is the worst it has ever been!

[-] Rhaedas@fedia.io 26 points 2 months ago

How is underemployment fairing? It's interesting what areas the leading job increases are in, wonder how many are part time? Then there's the average 4.0% wage increase, which good news is above the current inflation rate this time around by a few points.

[-] usernamesAreTricky@lemmy.ml 22 points 2 months ago* (last edited 2 months ago)

Luckily the actual report has all that info

Underemployment stats look a bit better. The number of part-timer workers for economic reasons is slightly down. Was 4.7 million in August vs 4.5 million in September. By economic reasons the BLS defines that as

economic reason such as slack work or unfavorable business conditions, inability to find full-time work, or seasonal declines in demand.

Here's the stats by industry

Here's the overview they gave of that

In September, employment continued to trend up in food services and drinking places, health care, government, social assistance, and construction

[...]

Employment showed little change over the month in other major industries, including mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade; retail trade; transportation and warehousing; information; financial activities; professional and business services; and other services.

[-] eran_morad@lemmy.world 17 points 2 months ago

Thanks, Brandon.

[-] Bananigans@lemmy.dbzer0.com 5 points 2 months ago

Thanks, ~~Brandon~~ Obama.

At least according to a decent number of his conspiratorial followers.

[-] MediaBiasFactChecker@lemmy.world 2 points 2 months ago

Reuters - News Source Context (Click to view Full Report)

Information for Reuters:

MBFC: Least Biased - Credibility: High - Factual Reporting: Very High - United Kingdom
Wikipedia about this source

Search topics on Ground.News

https://www.reuters.com/markets/us/us-job-growth-surges-september-unemployment-rate-falls-41-2024-10-04/

Media Bias Fact Check | bot support

this post was submitted on 04 Oct 2024

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