Tesla CEO Elon Musk says he is backing out of buying Twitter. Plus, NBC News’ Tom Costello reports on today’s employment report, which exceeded expectations with more private sector jobs added than existed before the pandemic. The U.S. economy added 372,000 jobs last month according to data from the Bureau of Labor Statistics. Many industries saw big gains including health care, business services, leisure and hospitality, transportation, and manufacturing. Unemployment is still near 50-year lows with more jobs open than workers to fill them.» Subscribe to NBC News:
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#recession #economy #jobs
Strong Jobs Report Despite Recession Fears…(read more)
BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
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Despite the fears of an impending recession, the latest jobs report has shown strong growth in the US labor market. The United States Department of Labor reported on Friday that the US economy added 136,000 jobs in September, with the unemployment rate falling to 3.5%, its lowest point in more than 50 years.
The September jobs report has come as a surprise to many economists who had been predicting a slowdown in job growth due to the ongoing trade war with China and other challenges facing the economy. However, despite the concerns, the US labor market has continued to expand, driven by strong consumer spending, a robust housing market, and low interest rates.
The report showed that job gains were spread across various sectors, including healthcare, professional and business services, and government. The employment rate for women reached its highest point in over a decade, with 50,000 more women finding jobs in September alone. The labor force participation rate also increased slightly to 63.2%.
However, the report was not entirely positive, with wage growth slowing to an annual rate of 2.9%, down from 3.2% the previous month. This suggests that despite the tight labor market, employers are not yet willing to raise wages significantly.
While the strong jobs report is an encouraging sign, there are still concerns about the broader health of the economy. The manufacturing sector, in particular, has been hit hard by the trade war with China, with many firms cutting back on investments and laying off workers.
There are also concerns about the growing level of household debt, which could lead to a slowdown in consumer spending. The ongoing political uncertainty surrounding the impeachment inquiry against President Trump and the upcoming 2020 election could also have an impact on the economy.
Despite these challenges, the September jobs report is a positive sign for the US labor market and the broader economy. It shows that despite the ongoing uncertainty, the US economy is still creating jobs and that the job market remains tight. There is still work to be done to address broader economic challenges, but the positive trends seen in the jobs report offer some hope for the future.
Unemployment rate is at 3.6%, COVID-19 is in check, no more food lines, and economic expansion is inevitable. Executive Branch, House and Senate are Democrat ruled. No crazy name calling during press conferences. Everything is copacetic- no scandals or investigating this administration thus far. As an independent I know which way I'm voting this fall. Any logical reason to vote otherwise?
The only reason businesses are hiring is because no one wants to work anymore. I hear that excuse everyday in the business im in, folks saying" short staffed", and its not because the business is growing, just cannot found employees. Businesses was hiring big time when Trump was in office, and it was because of growth, not so with joey.
Been seeing 'For Lease' signs where business' were once at. They were going strong during the pandemic ..
BLA BLA BLA BLA
INFLATION?, RECESSION?
BLA BLA BLA JUST BUNCH OF A LAZY ONES DON'T WANT TO WORK…
MAKING EXCUSES AND USING COVID AS EXCUSES FOR NOT WORK OR TAKING VACATION EVERY MONTH.
Bez zdjec
Inflation hits people a lot harder than a crashing st0ck or housing market as it directly affects people's c0st of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. >>These are unprecedented times where 9-trilli0n dollars was pumped in to the econ0my and now we're paying the piper<<.
Corporations just reported they are willing to pay you a save wage, All is Well!
I know several large companies that just announced hiring freezes..
Lagging Lagging. Lagging. Please looking up what a lagging indicator is.
What BLS jobs report actually shows—it’s CATASTROPHIC:
-Almost 5 MILLION more Americans not in labor force today than pre-pandemic
-Employment down 750K from pre-pandemic but working-age population up 4+million—meaning over 3M jobs MISSING
-Youth workforce participation down 2pts
To say nothing of crippling inflation, sky-high debt, skyrocketing living expenses, incomprehensible energy costs, mass importation of low-wage corporate labor to displace U.S. workers, smashed supply chains & harrowing nationwide formula shortages.
They "say" they are hiring…… But… But…. First hand information… Here in SC, they ARE NOT actually hiring. They are making huge profits. They pretended to interview. They work with smaller staff. Consumers are used to the slower service and becoming complacent and understanding that "No one" wants to work and refuse to actually hire and lie and say no one wants to work. After family members are begging to work here in the South….all these places that "need" people badly…… It's all a facade. Be real news people and look into it.
You’re going to go into a very deep depression.
Fears? For we the people we already know we are in a recession. For you rich folks, you need a couple of months but trust me you will feel it. I fear we are heading for a depression.
Wow, listening to this Nonsense By Commies propaganda, one could think the economy is in great shape. People leaving the workforce is not reducing unemployment & btw, we’re in a recession. LGB!
Top Economist are saying inflation is 24-25% be ready for the food and gas shortage take your $ out of the bank and make few investment, you've been warned
Everything has doubled except wages
Yeah alot of job out here but it's meanless when you need 3 job to cover your bill
Even in the economic fluctuations, I'm so excited I've been earning $45,000 from my $10,000 investment every 10days.
do the new jobs added actually pay living wages tho?
Technically, it's already a recession. 2 quarters of negative growth is all you need.
I’m going to kick back & eat food stamps Minimum wage is slavery.
People can't afford the gas to go to work. Nice job pushing sleepy Joe on to us . Fake news
Lies lies and more lies
I'm 54 and I and my wife earn $900 bi-weekly returns from our digital assets portfolio but we are VERY worried about our future because of the gas and food prices rising daily. We have had our savings up high with the cost of living into the stratosphere, we are finding it impossible to retire. We can get by, but cant seem to get ahead. My condolences to anyone retiring in this crisis, 30years nonstop just for a crooked system to take all you worked for
Educate yourselves, liberals: https://www.youtube.com/watch?v=FR9PMJ3tW0A
I don't care to work they just want to slave work people with a high school diploma and college credits.
I'll just stick to majoring in Broadcasting and production technology.
si por mi fuera compartiria todo alcabo que nada es mio
si por mi fuera compartiria todo alcabo que nada es mio
2020 EVERY-ONE'S AFRAID MARKET DOWN=BUY, 2021 PEOPLE ARE GREEDY MARKET UP=SELL, 2022 EVERY-ONE'S AFRAID MARKET DOWN=BUY, IF GO LOWER=BUY MORE+HOLD. REPEAT THIS OVER & OVER! Then FIRE your boss! Don't you see? BiG corporations play us every TWO years!
I'm no longer waiting for the grant loan because i earn $36,700 in returns from my $8,000 Investment every 10 days recently
I quit my job as a customer rep for Anthem b/c HR kept taking my money to satisfy Anthem business to business deals w/ investment firms Vanguard & Fidelity wherein these investment firms paid Anthem for every new employee that enrolled. But Anthem never gave me the opportunity to opt out. The same goes for the flame bag of dog crap life insurance AD&D policy. That's why I quit.
How do Magazines does it all time, life, People, ultimate Guide, Marvel, Disney, Early life, Instrument players, Famous singers, Parades, News, and electronics and may more of Magazines can Be a profile Book or even Piano songbooks
"Strong jobs report."
Haahaha! How stupid do they think their viewers are???
People are getting second and third jobs, and retirees are reentering the workforce,… all thanks to Joe's and the democrats' policies forcing them to do so.
What a bunch of liars these people are. This country is falling apart.
Lies lies lies, team Biden's damage control out in full swing
The federal bureau of investigation and the Indianapolis Metropolitan Police Department use the spyware pegasus to spy on people. Pegasus accesses your mic, camera and anything else you can do remotely. They also doctor and obscure body cam footage. They are using pegasus, intimidation and humiliation to silence me.
Cooked books like Obama did.
People need 2 jobs to pay for rent
A third to pay for gas
Fake news to protect b I d e n
what a moron, first he buys it and then backs out lol
I know this network isn’t considered a news station. But don’t they have some sort of obligation to telling the truth or is it simply what democrats want to hear?
Lower unemployment and lower Fed interest rates is recipe for economic disasters
War in Pacific region after attacks in Japan
Where are these jobs? I’m often the top candidate but rarely called in for an interview. How does that make sense