U.S. Unemployment Rate Falls To 5.9 Percent As 248,000 Jobs Created

@AFP
U.S. Unemployment Rate Falls To 5.9 Percent As 248,000 Jobs Created

Washington (AFP) – The U.S. jobs machine powered back in September from a disappointing August, generating a strong 248,000 net new positions, official data showed Friday.

Together with upward revisions to the previous month’s figures, that was enough to send the jobless rate down from 6.1 percent to a six-year low of 5.9 percent.

Job creation was strongest in the restaurant industry, health care, food and beverage stores, and administrative services, with also modest additions in construction and government hiring, the Labor Department reported.

The gains in hiring though did little to dent the troubling level of people who have dropped out of the jobs sector or are forced to work part time.

The civilian labor force participation rate fell a tick to 62.7 percent, still far below the level prior to the severe 2008-2009 recession.

And the number of involuntary part-time workers was little-changed in September at 7.1 million.

AFP Photo/Spencer Platt

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Public parks

Public parks belong to the public, right? A billionaire can't cordon off an acre of Golden Gate Park for his private party. But can a poor person — or anyone who claims they can't afford a home — take over public spaces where children play and families experience nature?

Keep reading...Show less
Robert F. Kennedy Jr.

Robert F. Kennedy Jr.

A series of polls released this week show Robert F. Kennedy Jr.'s quixotic candidacy might attract more Republican-leaning voters in 2024 than Democrats. That may have been what prompted former President Donald Trump to release a three-post screed attacking him.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}