Unemployment Rate @ 3.7% For First Time Since 1969!!!

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Unemployment Rate @ 3.7% For First Time Since 1969!!!

Post by Ken0069 » Fri Oct 05, 2018 12:13 pm

WINNING................... BOOM, KABOOM, BANG, BOING, BOOM.......................... And the f...ing, well, hell, you know what comes next!! :mrgreen:

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

The unemployment rate fell two-tenths of a percentage point to 3.7 percent, the lowest level since December 1969 and one-tenth of a percentage point below expectations.
Nonfarm payrolls rose just 134,000, well below estimates of 185,000 and the worst performance since last September, when a labor strike weighed on the numbers.
The closely watched average hourly earnings component showed a 2.8 percent year-over-year increase, in line with Wall Street estimates.
August's initial jobs count was revised up dramatically, from 201,000 to 270,000, while July's numbers came up as well, from 147,000 to 165,000.



Job creation for September fell to its lowest level in a year though the unemployment rate dropped to a point not seen in nearly 50 years, according to Labor Department figures released Friday.

Nonfarm payrolls rose just 134,000, well below Refinitiv estimates of 185,000 and the worst performance since last September, when a labor strike weighed on the numbers. The unemployment rate fell two-tenths of a percentage point to 3.7 percent, the lowest level since December 1969 and one-tenth of a percentage point below expectations.

A separate measure of unemployment that includes discouraged workers and those holding jobs part-time for economic reasons — sometimes called the "real unemployment rate" — edged higher to 7.5 percent.

Unemployment among black Americans declined three-tenths of a point to 6 percent, slightly above its record low of 5.9 percent achieved in May.

The closely watched average hourly earnings component showed a 2.8 percent year-over-year increase, in line with Wall Street estimates. The average work week was unchanged at 34.5 hours.

"The labor market is in excellent shape heading into the end of 2018, perhaps the best it has been in 50 years," said Gus Faucher, chief economist at PNC. "Job growth was a bit softer in September, but some of that was from Hurricane Florence, and it should bounce back through the rest of 2018 and into 2019."

After the report, the 10-year Treasury yield climbed to the highest in seven years. Stock indexes edged higher at the open.

(more here)
Last edited by Ken0069 on Fri Oct 05, 2018 12:56 pm, edited 1 time in total.
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Re: Unemployment Rate @ 3.7% For First Time Since 1969!!!

Post by RevTheory » Fri Oct 05, 2018 12:15 pm

"You didn't build that!" :lol:

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Re: Unemployment Rate @ 3.7% For First Time Since 1969!!!

Post by Firedome8 » Fri Oct 05, 2018 12:52 pm

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Re: Unemployment Rate @ 3.7% For First Time Since 1969!!!

Post by 1989TransAm » Fri Oct 05, 2018 1:03 pm

KABOOM! President Trump you magnificent bastard. :D =D> Hey chromedome are you saddened by the news?

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Re: Unemployment Rate @ 3.7% For First Time Since 1969!!!

Post by 1989TransAm » Fri Oct 05, 2018 1:15 pm

Black Unemployment Record Low...
Hispanic Unemployment Record Low...
Manufacturing confidence all-time high...
16,000 Govt Jobs Cut Since Trump...
POLL: PRESIDENT APPROVAL 51%...

It doesn’t get any better than this...

However the lefties on this forum are saddened by the news.

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Re: Unemployment Rate @ 3.7% For First Time Since 1969!!!

Post by j-c-c » Fri Oct 05, 2018 1:33 pm

1989TransAm wrote:
Fri Oct 05, 2018 1:15 pm
Black Unemployment Record Low...
Hispanic Unemployment Record Low...
Manufacturing confidence all-time high...
16,000 Govt Jobs Cut Since Trump...
POLL: PRESIDENT APPROVAL 51%...

It doesn’t get any better than this...

However the lefties on this forum are saddened by the news.
I am, going from the worse financial collapse in many decades to the "record" highs, in less then 10 years means , we should be expecting a huge upcoming correction, just about the time DT leaves office, so The Democrats/Left can get all the blame from the deplorables, because "spin" is the new God.

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Re: Unemployment Rate @ 3.7% For First Time Since 1969!!!

Post by Firedome8 » Fri Oct 05, 2018 1:58 pm

1989TransAm wrote:
Fri Oct 05, 2018 1:03 pm
KABOOM! President Trump you magnificent bastard. :D =D> Hey chromedome are you saddened by the news?
No history shows Obama did good and looks like it continues under trump. Who wouldn't like that ? Now about Bush and his incompetence that still affects us to this day...

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Re: Unemployment Rate @ 3.7% For First Time Since 1969!!!

Post by gmrocket » Fri Oct 05, 2018 2:05 pm

j-c-c wrote:
Fri Oct 05, 2018 1:33 pm
1989TransAm wrote:
Fri Oct 05, 2018 1:15 pm
Black Unemployment Record Low...
Hispanic Unemployment Record Low...
Manufacturing confidence all-time high...
16,000 Govt Jobs Cut Since Trump...
POLL: PRESIDENT APPROVAL 51%...

It doesn’t get any better than this...

However the lefties on this forum are saddened by the news.
I am, going from the worse financial collapse in many decades to the "record" highs, in less then 10 years means , we should be expecting a huge upcoming correction, just about the time DT leaves office, so The Democrats/Left can get all the blame from the deplorables, because "spin" is the new God.
So your still unemployed? Gotcha

Maybe when it's gets to ZERO you'll find something

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Re: Unemployment Rate @ 3.7% For First Time Since 1969!!!

Post by gmrocket » Fri Oct 05, 2018 2:07 pm

Firedome8 wrote:
Fri Oct 05, 2018 1:58 pm
1989TransAm wrote:
Fri Oct 05, 2018 1:03 pm
KABOOM! President Trump you magnificent bastard. :D =D> Hey chromedome are you saddened by the news?
No history shows Obama did good and looks like it continues under trump. Who wouldn't like that ? Now about Bush and his incompetence that still affects us to this day...
Pretzel time 😂😂😂

It's good, it's bad..I mean good and bad, or sorta good and bad. Like up and down together

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Re: Unemployment Rate @ 3.7% For First Time Since 1969!!!

Post by 86_regal » Fri Oct 05, 2018 2:29 pm

Ken0069 wrote:
Fri Oct 05, 2018 12:13 pm
WINNING................... BOOM, KABOOM, BANG, BOING, BOOM.......................... And the f...ing, well, hell, you know what comes next!! :mrgreen:

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

The unemployment rate fell two-tenths of a percentage point to 3.7 percent, the lowest level since December 1969 and one-tenth of a percentage point below expectations.
Nonfarm payrolls rose just 134,000, well below estimates of 185,000 and the worst performance since last September, when a labor strike weighed on the numbers.
The closely watched average hourly earnings component showed a 2.8 percent year-over-year increase, in line with Wall Street estimates.
August's initial jobs count was revised up dramatically, from 201,000 to 270,000, while July's numbers came up as well, from 147,000 to 165,000.



Job creation for September fell to its lowest level in a year though the unemployment rate dropped to a point not seen in nearly 50 years, according to Labor Department figures released Friday.

Nonfarm payrolls rose just 134,000, well below Refinitiv estimates of 185,000 and the worst performance since last September, when a labor strike weighed on the numbers. The unemployment rate fell two-tenths of a percentage point to 3.7 percent, the lowest level since December 1969 and one-tenth of a percentage point below expectations.

A separate measure of unemployment that includes discouraged workers and those holding jobs part-time for economic reasons — sometimes called the "real unemployment rate" — edged higher to 7.5 percent.

Unemployment among black Americans declined three-tenths of a point to 6 percent, slightly above its record low of 5.9 percent achieved in May.

The closely watched average hourly earnings component showed a 2.8 percent year-over-year increase, in line with Wall Street estimates. The average work week was unchanged at 34.5 hours.

"The labor market is in excellent shape heading into the end of 2018, perhaps the best it has been in 50 years," said Gus Faucher, chief economist at PNC. "Job growth was a bit softer in September, but some of that was from Hurricane Florence, and it should bounce back through the rest of 2018 and into 2019."

After the report, the 10-year Treasury yield climbed to the highest in seven years. Stock indexes edged higher at the open.

(more here)
With all due respect, I have to ask Ken...

Do you not see the inconsistency in showing nothing BUT skepticism for our governments' "stance" on climate change but have NO SKEPTICISM of government sponsored unemployment statistics?

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Re: Unemployment Rate @ 3.7% For First Time Since 1969!!!

Post by 1989TransAm » Fri Oct 05, 2018 2:37 pm

With all due respect do you not see the difference in where the numbers come from? ^^^^^^^^^ One is raw data that is using the same method for years and the other is what ever the numbers the climate people want to feed into their computer programs for an political outcome.

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Re: Unemployment Rate @ 3.7% For First Time Since 1969!!!

Post by j-c-c » Fri Oct 05, 2018 2:42 pm

gmrocket wrote:
Fri Oct 05, 2018 2:05 pm
j-c-c wrote:
Fri Oct 05, 2018 1:33 pm
1989TransAm wrote:
Fri Oct 05, 2018 1:15 pm
Black Unemployment Record Low...
Hispanic Unemployment Record Low...
Manufacturing confidence all-time high...
16,000 Govt Jobs Cut Since Trump...
POLL: PRESIDENT APPROVAL 51%...

It doesn’t get any better than this...

However the lefties on this forum are saddened by the news.
I am, going from the worse financial collapse in many decades to the "record" highs, in less then 10 years means , we should be expecting a huge upcoming correction, just about the time DT leaves office, so The Democrats/Left can get all the blame from the deplorables, because "spin" is the new God.
So your still unemployed? Gotcha

Maybe when it's gets to ZERO you'll find something
When YOU got nothing, YOU attack the messenger.
[
But I have said that before, right? :lol:

I repeat, you got Nothing. [-X

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Re: Unemployment Rate @ 3.7% For First Time Since 1969!!!

Post by gmrocket » Fri Oct 05, 2018 3:58 pm

j-c-c wrote:
Fri Oct 05, 2018 2:42 pm
gmrocket wrote:
Fri Oct 05, 2018 2:05 pm
j-c-c wrote:
Fri Oct 05, 2018 1:33 pm


I am, going from the worse financial collapse in many decades to the "record" highs, in less then 10 years means , we should be expecting a huge upcoming correction, just about the time DT leaves office, so The Democrats/Left can get all the blame from the deplorables, because "spin" is the new God.
So your still unemployed? Gotcha

Maybe when it's gets to ZERO you'll find something
When YOU got nothing, YOU attack the messenger.
[
But I have said that before, right? :lol:

I repeat, you got Nothing. [-X
Don't need you as any kind of messenger..your just a horses azz. I know you can't take any kind of criticism, like a typical lefty.

As far as the nothing goes,,I don't have any work, so in a weird way you are correct.. been retired for a while now

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Re: Unemployment Rate @ 3.7% For First Time Since 1969!!!

Post by j-c-c » Sat Oct 06, 2018 4:25 pm

gmrocket wrote:
Fri Oct 05, 2018 3:58 pm
j-c-c wrote:
Fri Oct 05, 2018 2:42 pm
gmrocket wrote:
Fri Oct 05, 2018 2:05 pm


So your still unemployed? Gotcha

Maybe when it's gets to ZERO you'll find something
When YOU got nothing, YOU attack the messenger.
[
But I have said that before, right? :lol:

I repeat, you got Nothing. [-X
Don't need you as any kind of messenger..your just a horses azz. I know you can't take any kind of criticism, like a typical lefty.

As far as the nothing goes,,I don't have any work, so in a weird way you are correct.. been retired for a while now
Are you paying attention, all i take is abuse, insults , labels, moronic conclusions, arguments with no backup, etc, but the fact i keep on ticking ought to indicate my staying power, and insensitivity to your so called "criticism". Being on the correct side of an discussion, does make it a bit easier. :lol:

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Re: Unemployment Rate @ 3.7% For First Time Since 1969!!!

Post by Ken0069 » Sat Oct 06, 2018 4:34 pm

86_regal wrote:
Fri Oct 05, 2018 2:29 pm
With all due respect, I have to ask Ken...

Do you not see the inconsistency in showing nothing BUT skepticism for our governments' "stance" on climate change but have NO SKEPTICISM of government sponsored unemployment statistics?
Hey thanks for pointing out that you're a liberal/progressive/socialist/commie like the other f...ing M0R0NS on here. Welcome to "The List!"

The List Rev A =;
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"Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves."
William Pitt, British Prime-Minister (1759-1806)


Big Boyz Toyz!

Global Warming Is a FRAUD!

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