The U.S. economy added 29,000 jobs in September and the unemployment rate rose to 4.2 percent. Economists had expected the economy to add 85,000 jobs and the unemployment to hold steady at 4.1 percent. The U.S. labor market has experienced
The U.S. economy added 172,000 jobs in May and the unemployment rate held steady at 4.3 percent.
More than twice as many as expected.
The median forecast of analysts was for 740,000 jobs and an unemployment rate of 5.2 percent.
So much for the idea that the reopening recovery is only benefiting a few Americans.
Back when Obama was running for president in 2012, Schumer was happy to celebrate smaller gains in employment.
Economists had forecast an addition of around 1.32 million jobs and a decline in the unemployment rate to 9.8 percent.
Economists had forecast an addition of 1.5 million jobs and a decline in the unemployment rate to 10.6 percent.
Payroll growth was much stronger than expected in October, despite the GM strike weighing on manufacturing jobs.
Although September’s figure came in lower than expected, huge revisions for August and July indicate the labor market is thriving in the United States.
