News Ticker >
[ October 16, 2019 ]

British Museum exhibit explores the influence of Muslim culture on the West

[ October 16, 2019 ]

Hunter Biden Admits: Of Course My Dad Being Vice President Benefited Me Financially, Admits “Poor...

[ October 16, 2019 ]

Sharia France: French Union to Punish Journalist for Stating Jihad Motive of Terrorist

[ October 15, 2019 ]

20,000 Sign Petition Demanding BBC Remove ‘Pleasure Marriages’ Expose On How Iraqi Muslim Clerics Sell...

[ October 15, 2019 ]

ANOTHER ISLAMIC SCHOOL TORTURE CHAMBER: 300 students freed where they were chained up and raped,...

[ October 15, 2019 ]

France: Two Muslims Sentenced to 25+ Years in Prison for Notre Dame Jihad Attack

[ October 15, 2019 ]

Facebook’s Mark Zuckerberg meets Never Trumper “Conservatives,” while decimating pro-Trump, anti-jihad sites like Geller Report

[ October 15, 2019 ]

Lebanese TV Host Joumana Haddad on Racism in the Arab World: We Are Tenth, not...

[ October 15, 2019 ]

Impeaching Trump Would Establish ‘Intelligence Community Veto over Elections’

[ October 15, 2019 ]

Jewish flag at Falmouth synagogue

TRUMP EFFECT: September unemployment rate falls to 3.5%, a 50-year low, as payrolls rise by 136,000

2

President Trump is the best POTUS of our lifetime, and he must be re-elected in 2020. There is really no other choice but to save America. Any American who votes for the lawless and corrupt Democrats in 2020 is out of their mind. The Democrat Party in it’s current condition must not be allowed to govern the United States.

September unemployment rate falls to 3.5%, a 50-year low, as payrolls rise by 136,000

  • The jobless rate in September dropped 0.2 percentage points to 3.5%, the lowest since December 1969.
  • Nonfarm payrolls rose by 136,000 in September, below the 145,000 forecast by economists polled by Dow Jones.
  • However, past numbers were revised higher. August was revised up to 168,000 from an initial estimate of 130,000, while July was increased to 166,000 from 159,000, for a net gain of 45,000.
  • Wages rose just 2.9% for the year, the lowest increase since July 2018.

By NBC News, October 4, 2019:

Unemployment hit a fresh 50-year low in September even though nonfarm payrolls rose by just 136,000 as the economy nears full employment, the Labor Department reported Friday.

The jobless rate dropped 0.2 percentage points to 3.5%, matching a level it last saw in December 1969. A more encompassing measure that includes discouraged workers and the underemployed also fell, declining 0.3 percent points to 6.9%, matching its lowest in nearly 19 years and just off the all-time low of 6.8%.

Stocks opened higher following the jobs report, with the Dow Jones Industrial Average up nearly 150 points.
Also, the jobless rate for Hispanics also hit a new record low, while the level for African Americans maintained its lowest ever.

At the same time, the economy saw another sluggish month of growth. The nonfarm payrolls count missed the 145,000 estimate from economists surveyed by Dow Jones; the expectation on the jobless rate was to hold steady at 3.7%.

Wages also were a disappointment, with average hourly earnings little changed over the month and up just 2.9% for the year, the lowest increase since July 2018.

The report comes amid uncertain times for the economy, with fears escalating that weakness abroad will bleed into the U.S. and possibly cause a recession. Readings earlier in the week showed continued contraction in manufacturing and a sharp decline in the much larger services industry.

 

The Truth Must be Told

Your contribution supports independent journalism

Please take a moment to consider this. Now, more than ever, people are reading Geller Report for news they won't get anywhere else. But advertising revenues have all but disappeared. Google Adsense is the online advertising monopoly and they have banned us. Social media giants like Facebook and Twitter have blocked and shadow-banned our accounts. But we won't put up a paywall. Because never has the free world needed independent journalism more.

Everyone who reads our reporting knows the Geller Report covers the news the media won't. We cannot do our ground-breaking report without your support. We must continue to report on the global jihad and the left's war on freedom. Our readers’ contributions make that possible.

Geller Report's independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe our work is critical in the fight for freedom and because it is your fight, too.

Please contribute to our ground-breaking work here.


Make a monthly commitment to support The Geller Report – choose the option that suits you best.

Contribute Monthly - Choose One

Have a tip we should know? Your anonymity is NEVER compromised. Email tips@thegellerreport.com

Pin It on Pinterest