• Job growth slumps in September, but the unemployment rate hits the lowest level since 1969

    14 days ago - By CNBC

    The unemployment rate fell two-tenths of a percentage point to 3.7 percent, the lowest since December 1969 and one-tenth of a percentage point below expectations.
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  • The U.S. is on Track to Add More Than 8 Million Jobs Over the Next Five Years

    The U.S. is on Track to Add More Than 8 Million Jobs Over the Next Five Years

    14 days ago - By Hotel News Resource

    But Opportunities for Middle Wage Workers Will Continue to Lag
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  • U.S. job growth slows, jobless rate drops

    14 days ago - By Reuters

    U.S. payroll growth slowed sharply in September, but the unemployment rate dropped to a nearly 49 year low of 3.7 percent. Fred Katayama reports.
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  • Not since 1969: US regains ultra-low 3.7 pct. unemployment

    14 days ago - By Chron

    WASHINGTON - The last time the U.S. unemployment rate was roughly as low as the 3.7 percent it is now - December 1969 - the economy was overheating, inflation was spiking and a short recession soon followed.
    Could that happen again?
    Probably not anytime soon, most economists say. Yet there are some surprising similarities between today's economy and the late 1960s, when the unemployment rate remained mostly below 4 percent for four straight years.
    The jobless rate, the government reported Friday, is now at its lowest level since the 3.5 percent it reached 49 years ago. And the strength...
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  • U.S. Unemployment Rate Drops To 3.7 Percent, Lowest In Nearly 50 Years

    U.S. Unemployment Rate Drops To 3.7 Percent, Lowest In Nearly 50 Years

    14 days ago - By NPR

    The jobless rate last month was the lowest since 1969, though the economy added a less-than-expected 134,000 jobs, the Bureau of Labor Statistics said. Wage growth slowed to a 2.8 percent rate.
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  • The unemployment rate has fallen to a 48-year low, and it's terrifying news for Walmart, McDonald's, and JCPenney

    The unemployment rate has fallen to a 48-year low, and it's terrifying news for Walmart, McDonald's, and JCPenney

    14 days ago - By Business Insider

    The US unemployment rate fell to 3.7%, a 48-year low, in September.
    While low unemployment is a sign of a healthy economy, it is worrisome news for companies scrambling to hire and retain workers. The restaurant and retail industries are trying to fill hundreds of thousands of job openings.
    Companies are giving workers higher pay and better benefits to compete - and trying to figure out how to cut labor hours by replacing employees with robots.
    Fast-food chains and retailers alike are fighting an increasingly intense battle for employees.
    The US unemployment rate fell to 3.7%, a 48-year...
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  • September Jobs Report Shows Jobless Rate Hitting 48-Year Low

    14 days ago - By Fortune

    U.S. hiring cooled in September by more than forecast, wage gains eased slightly and the jobless rate fell to a 48-year low, illustrating a tight labor market as well as the impact of Hurricane Florence.
    Nonfarm payrolls rose 134,000 after a 270,000 gain the prior month that reflected a large upward revision, a Labor Department report showed Friday. The median estimate in a Bloomberg survey called for an increase of 185,000 jobs. Average hourly earnings climbed 2.8 percent from a year earlier, matching projections, while the jobless rate fell more than projected to 3.7 percent, the lowest...
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  • These Seemingly Disappointing Jobs Numbers Are Actually Pretty Great

    14 days ago - By NY Times

    The drop in the unemployment rate to 3.7 percent isn't even the best news.
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  • U.S. Unemployment Rate Declines to 3.7% in September

    U.S. Unemployment Rate Declines to 3.7% in September

    14 days ago - By Hotel News Resource

    The unemployment rate declined to 3.7 percent in September, and total nonfarm payroll employment increased by 134,000. Job gains occurred in professional and business services, in health care, and in transportation and warehousing.
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  • U.S. job growth cools; unemployment rate falls to 3.7 percent

    14 days ago - By Reuters

    U.S. job growth slowed sharply in September likely as Hurricane Florence depressed restaurant and retail payrolls, but the unemployment rate fell to near a 49-year low of 3.7 percent, pointing to a further tightening in labor market conditions.
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  • 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TSLA, AAPL, SMCI, SNAP)

    10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TSLA, AAPL, SMCI, SNAP)

    14 days ago - By Business Insider

    Here is what you need to know.
    Here comes the jobs report. The US economy is expected to have added 185,000 nonfarm jobs in September, with the unemployment rate slipping to 3.8%, according to economists surveyed by Bloomberg. Average hourly earnings are expected to have increased 2.8% year-over-year.
    The 10-year is testing 7-year highs. The benchmark yield hit a high of 3.227% on Thursday - a level last seen in spring 2011 - and is holding just below 3.21%.
    Stock markets around the world are lower. Japan's Nikkei trailed in Asia, and Germany's DAX lags in Europe. The S&P 500 is set to...
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  • September Employment Report: 134,000 Jobs Added, 3.7% Unemployment Rate

    September Employment Report: 134,000 Jobs Added, 3.7% Unemployment Rate

    14 days ago - By Calculated Risk

    From the BLS :
    The unemployment rate declined to 3.7 percent in September, and total nonfarm payroll employment increased by 134,000, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, in health care, and in transportation and warehousing.
    Hurricane Florence affected parts of the East Coast during the September reference periods for the establishment and household surveys. Response rates for the two surveys were within normal ranges.
    ...
    The change in total nonfarm payroll employment for July was revised up from +147,000 to...
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  • Unemployment rate falls to 3.7 percent, lowest since 1969

    14 days ago - By Washington Post

    The U.S. economy added 134,000 jobs in September, well below expectations, as Hurricane Florence appeared to damper hiring in the month. But many welcomed the lowest unemployment rate in decades and think the labor market remains strong.
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  • US unemployment rate fell in September to 49-year low of 3.7 percent amid steady hiring

    14 days ago - By Chron

    WASHINGTON - US unemployment rate fell in September to 49-year low of 3.7 percent amid steady hiring.
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  • US adds just 134K jobs; unemployment a 49-year low, 3.7 pct

    14 days ago - By Chron

    WASHINGTON - U.S. employers added just 134,000 jobs in September, the fewest in a year, though the figure was likely lowered by Hurricane Florence, while the unemployment rate fell to 3.7 percent, the lowest level since 1969.
    Hurricane Florence 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 now at a historic low, average hourly pay increased just 2.8 percent from a year...
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  • September NFP +134K, Unemployment 3.7%

    14 days ago - By Crossing Wall Street

    The jobs report is out. The US economy created 134,000 new new jobs last month. The unemployment rate fell to 3.7%. That's the lowest since December 1969. Revisions added another 87,000 to nonfarm payrolls. Labor force participation rate was 62.7%.
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  • U.S. Unemployment Rate Drops To 3.7 Percent, Lowest In Nearly 50 Years

    U.S. Unemployment Rate Drops To 3.7 Percent, Lowest In Nearly 50 Years

    14 days ago - By NPR

    The U.S. jobless rate last month was the lowest since 1969, though the economy added a lower-than-expected 134,000 jobs, the Bureau of Labor Statistics said.
    Read more ...