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US unemployment falls to 3.7 percent - lowest since 1969
16 days ago - By Chron
WASHINGTON - The U.S. unemployment rate fell in September to 3.7 percent, the lowest since 1969, when young men were being drafted to fight in Vietnam and the American auto industry and the space program were going full blast.
The Labor Department reported Friday that the rate edged down from 3.9 percent the month before as employers added 134,000 jobs - a figure that was probably depressed by the effects of Hurricane Florence in the South. Still, it extended an extraordinary 8½-year streak of monthly job growth, the longest on record.
That run has added nearly 20 million people to the...
Read more ...Tesla shares fall after Musk mocks SEC, Greenlight's comment
16 days ago - By Reuters
Shares of Tesla Inc fell 7 percent on Friday after Chief Executive Elon Musk mocked the U.S. Securities and Exchange Commission on Twitter and David Einhorn's Greenlight Capital slammed the electric carmaker in its quarterly letter.
Read more ...Stocks are getting slammed for a 2nd straight day
16 days ago - By Business Insider
US equity markets were under pressure Friday after a solid jobs report pushed the unemployment rate down to 3.7%, its lowest since 1969.
Traders continue to watch the bond market closely, as the 10-year hit 3.24%, its highest since 2011.
Tesla shares were hit hard after Elon Musk took a swipe at the Securities and Exchange Commission on Twitter and hedge fund billionaire David Einhorn compared the company to the failed US bank Lehman Brothers.
US equity markets were hit hard for a second straight day Friday, with all of the major averages sporting losses of at least 1% at their lows. Heavy...
Read more ...Wall Street slides as bond yields climb on jobs data
16 days ago - By Reuters
U.S. stocks tumbled on Friday, weighed down by rising Treasury yields after data showed job growth slowed in September, while wage increases were not enough to fan worries over rising inflation or faster interest rates hikes.
Read more ...Insurance Industry Gains 1,300 Jobs in September, but August Wages Drop Industrywide, Labor Department Says
16 days ago - By A.M. Best
The insurance industry gained 1,300 jobs in September over August, but wages declined significantly in August compared with July, according to preliminary figures from the U.S. Labor Department's ...
Read more ...Oil prices rise, supported by U.S. jobs data, Iran sanctions
16 days ago - By Reuters
Crude futures rose on Friday as U.S. unemployment data eased concerns about demand in the world's top oil consumer, with both benchmarks set for a weekly gain ahead of U.S. sanctions on Iranian oil exports.
Read more ...Every employee at this grilled cheese restaurant has a criminal record
16 days ago - By Fast Company
All Square, a restaurant in Minneapolis, is designed to give jobs and training to people who are often shut out of employment because of their past.
Two years ago, Emily Turner quit her job as a U.S. Housing and Urban Development attorney to open a grilled cheese restaurant. Turner, who worked on prisoner reentry, housing segregation, and fair housing, was frustrated about not feeling like part of the solution. The restaurant was a new way to fight for justice: To get a job at the nonprofit restaurant, you need a criminal record. On Mondays, when the restaurant closes, employees take...
Read more ...U.S. job growth cools; unemployment rate drops to 3.7 percent
16 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.
Read more ...Comments on September Employment Report
16 days ago - By Calculated Risk
The headline jobs number at 134,000 for September was below consensus expectations of 180 thousand, however the previously two months were revised up by a combined 87 thousand. The unemployment rate fell to the lowest since December 1969. Overall this was a solid report.
Earlier: September Employment Report: 134,000 Jobs Added, 3.7% Unemployment Rate
In September, the year-over-year employment change was 2.537 million jobs. This is solid year-over-year growth.
Average Hourly Earnings
Wage growth was above expectations in September. From the BLS:
"In September, average hourly earnings for...
Read more ...Clean Energy Market Continues Strong Growth As Costs Continue To Fall
16 days ago - By Forbes
Renewable energy capacity is set for another strong year of growth, driven by falling costs and advances in the cost and capacity of storage technology. However, China's decision to slow solar installations highlights the importance to the sector of policy in general and Chinese policy in particular
Read more ...Wall Street hit as bond yields climb after jobs data
16 days ago - By Reuters
U.S. stocks dropped on Friday, weighed down by rising Treasury yields after data showed job growth slowed in September, while wage increases were not enough to fan worries over rising inflation or faster interest rates hikes.
Read more ...Are transportation stocks the market's canary in a coal mine?
16 days ago - By Reuters
The U.S. transportation sector, which many see as a proxy indicator of the economy's health, has retreated 2.3 percent from its Sept. 14 record, hinting to some analysts that the longest bull market on record has entered its late stages.
Read more ...US unemployment rate falls to 49-year low of 3.7 percent
16 days ago - By Chron
WASHINGTON - The U.S. unemployment rate fell to 3.7 percent in September - the lowest level since December 1969 - signaling how the longest streak of hiring on record has put millions of Americans back to work.
Employers added just 134,000 jobs last month, the fewest in a year, the Labor Department said Friday. But that figure was likely depressed by the impact of Hurricane Florence.
That storm struck North and South Carolina in mid-September and closed thousands of businesses. A category that includes restaurants, hotels and casinos lost jobs for the first time since last September, when...
Read more ...U.S. job growth slows; unemployment rate falls to 3.7 percent
16 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.
Read more ...
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