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Fri Oct 4, 2019, 01:35 PM

The Economy Gained 136,000 Jobs in September, Adding to Mounting Recession Concerns

The monthly average is now well below last year's pace of 223,000 jobs added per month.

OCT. 4, 201904:14
Oct. 4, 2019, 8:34 AM EDT
By Lucy Bayly

September's closely watched jobs report revealed further cracks in the economy, with just 136,000 jobs added last month, missing economist expectations of 145,000 for the month.

The unemployment rate hit a new low of 3.5 percent, and the annual wage growth fell to 2.9 percent, according to the government's monthly labor market snapshot.

The disappointing data, released Friday by the Bureau of Labor Statistics, comes at the end of a turbulent week on Wall Street. All three major indices saw heavy declines, with the Dow Jones Industrial Average losing more than 1,100 points this week, after a key gauge of factory activity released Tuesday revealed the biggest slowdown in manufacturing output in a decade.

This, combined with weak hiring in the private sector and a softening in the services industry not seen since 2016, has put investors on edge around the globe.

While President Donald Trump blamed the Democrats for the market sell-off, tweeting that "impeachment nonsense" was driving down "the Stock Market, and your 401K’s," economists point to the monthslong trade war with China as the principal reason for a contracting economy.

MORE...

https://www.nbcnews.com/business/economy/economy-gained-136-000-jobs-september-adding-mounting-recession-concerns-n1062341

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Reply The Economy Gained 136,000 Jobs in September, Adding to Mounting Recession Concerns (Original post)
RCW2014 Oct 4 OP
quad489 Oct 4 #1
oldenuff35 Oct 4 #2
FreeWheelBurning Oct 4 #3
Zuckerberg Hater Oct 4 #4
FreeWheelBurning Oct 4 #5
BigKahunna2.0 Oct 4 #7
Charlie Mike Oct 4 #6
FreeWheelBurning Oct 7 #9
nolidad Oct 4 #8

Response to RCW2014 (Original post)

Fri Oct 4, 2019, 01:37 PM

1. ''trumprecession''...link it up!

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Response to RCW2014 (Original post)

Fri Oct 4, 2019, 01:38 PM

2. Recession is defined numerically and numbers do not lie, today's numbers say no recession.

Although numbers do not lie, posters like this manufacture pure BS lies and propaganda each and every day.

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Response to RCW2014 (Original post)

Fri Oct 4, 2019, 01:46 PM

3. "The unemployment rate hit a new low of 3.5 percent"

Nothing screams recession like a new record low unemployment rate.

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Response to FreeWheelBurning (Reply #3)

Fri Oct 4, 2019, 01:55 PM

4. Pretty hard to create new jobs when unemployment is that low

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Response to Zuckerberg Hater (Reply #4)

Fri Oct 4, 2019, 02:10 PM

5. Don't let them know that. It is more fun watching their chicken little routine.

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Response to FreeWheelBurning (Reply #3)

Fri Oct 4, 2019, 02:40 PM

7. It's almost impossible to hire qualified help that will also pass the drug test and backgroud check

I have had companies try to poach some of my personel

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Response to RCW2014 (Original post)

Fri Oct 4, 2019, 02:22 PM

6. How do we grow past full employment?

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Response to Charlie Mike (Reply #6)

Mon Oct 7, 2019, 10:40 AM

9. This is when sensible immigration should be used

Identify the type of workers that are in short supply and bring in immigrants that fill those specific needs. That allows an economy to grow when it is at full employment.

The alternative can be viewed in today's Japan.

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Response to RCW2014 (Original post)

Fri Oct 4, 2019, 03:16 PM

8. 3.5% unemployment

GDP @ 1,8-2.0% while th eworld is teetering on recession, 7,000,000 unfilled jobs-I am not too worried.

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