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Jobless Rate in U.S. Falls to 5.9% in September, Payrolls Jump

This is a discussion on Jobless Rate in U.S. Falls to 5.9% in September, Payrolls Jump within the Current Events forums, part of the Tech Support Forum category. The U.S. jobless rate declined to a six-year low of 5.9 percent in September and employers in the U.S. added


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Old 10-03-2014, 05:44 AM   #1
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The U.S. jobless rate declined to a six-year low of 5.9 percent in September and employers in the U.S. added more workers than projected, signs of more vigor in the labor market that will help sustain faster economic growth.

The 248,000 gain in payrolls followed a 180,000 August increase that was bigger than previously estimated, the Labor Department reported in Washington. The median forecast of economists in a Bloomberg survey called for a 215,000 advance. The unemployment rate fell to the lowest level since July 2008 from 6.1 percent.

“We appear to be ending the third quarter on a solid note,” Sam Bullard, senior economist at Wells Fargo Securities LLC in Charlotte, North Carolina, said before the report. “This will continue the trend of gradual improvement we’ve been seeing so far since 2014. There’s greater traction in the U.S. economy right now.”
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The underemployment rate, a gauge that counts the unemployed, workers settling for part-time jobs, and people who have given up the search, fell to 11.8 percent in September from 12 percent a month earlier. The gauge has averaged 15.1 percent since the recession ended in June 2009
The good news . .

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Today’s report showed average hourly earnings were stagnant in September from a month earlier.
The not so good news . .

Jobless Rate in U.S. Falls to 5.9% in September, Payrolls Jump - Bloomberg
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Old 10-05-2014, 09:03 PM   #2
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Except for that pesky labor precipitation rate.

Bureau of Labor Statistics Data

Seems we have the labor participation rate of 1978 (enter 1978 into the start date box)

And back then we had 100 million less people populating the US

US Population by Year
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Old 10-06-2014, 03:54 AM   #3
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"Labor preciptation". ? ?

Does that mean it is raining jobs?
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Old 10-07-2014, 11:28 AM   #4
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By golly . . Leo is right . . it is raining jobs! !

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U.S. job openings rose to their highest level in more than 13 years in August even as hiring fell, the U.S. Department of Labor said.

Job openings were at a seasonally adjusted 4.835 million compared with a downwardly revised 4.605 million in July, the Labor Department said in its monthly Job Openings and Labor Turnover Survey on Tuesday. Job openings are used to measure labor demand.

Federal Reserve policymakers have said they are monitoring the JOLTS report as they consider their next step on monetary policy.

Employers hired a seasonally adjusted 4.640 million people in August, down from 4.934 million in July, the report said. August's hiring was 27 percent higher than in June 2009 when it was at its lowest level since the beginning of the recession.

At 1.8 percent, the quits rate has held steady for seven consecutive months. That rate measures the number of people who leave their jobs voluntarily and is an indication of how confident employees are that they can find a better job elsewhere.

A separate Labor Department report released on Friday showed the labor market picking up as U.S. employers added 248,000 jobs in September, and the national unemployment rate slid to 5.9 percent, its lowest level in six years
https://finance.yahoo.com/news/u-job-...150332837.html
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Old 10-09-2014, 07:55 AM   #5
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The number of Americans filing applications for unemployment benefits unexpectedly fell last week, pushing the average over the past month to the lowest level in eight years and signaling that employers are hanging on to workers as the economy improves.

Jobless claims declined by 1,000 to 287,000 in the week ended Oct. 4, a Labor Department report showed today in Washington. The median forecast of 50 economists surveyed by Bloomberg called for 295,000. The four-week average, considered a less volatile measure, decreased to 287,750, the least since February 2006.

Firings are hovering around the lowest in almost a decade as employers hang onto workers to meet rising demand. That lays the ground for stronger gains in hiring and wages that will give the world’s largest economy a boost even as global growth cools.
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The number of people continuing to receive jobless benefits fell by 21,000 to 2.38 million in the week ended Sept. 27, the fewest since May 2006. The unemployment rate among people eligible for benefits that week held at 1.8 percent.
More good signs . .

Jobless Claims in U.S. Fall, With*Average at Eight-Year Low - Bloomberg
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