Connect with us

Hi, what are you looking for?

Career

US Job Growth Slows, But Unemployment Rates Drop

In September of 2018, the US saw a fairly sharp reduction in job growth, but things in the job market have been otherwise steady. The US unemployment rate has fallen to an almost 49 year low, now at 3.7 percent. These figures come from the Labor Department’s analysis of monthly employment, and this also showed a steady rise in wages.

Wages have raised 2.8 percent annually, meaning inflation and economic overheating concerns are lessened. This also correlates with the Federal Reserve’s gradual interest rate increases, more of which are sure to come.

While the job growth last month was below forecasts, many have blamed the destructive hurricane Florence for this. Many restaurant and retailers dropped jobs due to the storm. Healthcare, professional services, and warehouse jobs made up the most of last month’s growth.

Overall, the stock market and job markets have remained solid in the past few months. The looming US trade war with China has not yet affected the market in a noticeable way, but any changes in the market because of this will likely be at least a year away. While unemployment has been up and down over the past several years, overall the trend indicates less people jobless over the last eight years.

You May Also Like

News

In the past year, Peloton, manufacturers of stationary exercise bicycles and treadmills, has been experiencing some severe financial difficulties. The company went through a...

News

While the ongoing supply chain problems affecting the global economy have had the expected effects, they’ve also had some decidedly unexpected effects. Specifically, many...

News

As gas prices continue to rise and consumer confidence drops, not to mention the ongoing war in Ukraine, the European economy is taking a...

News

As the environmental need for electric vehicles becomes more pressing, and the car-buying public becomes more eager for them, automotive manufacturers are getting ready...

News

This morning, Coinbase CEO Brian Armstrong sent a mass email out to his company informing everyone that, as stock and crypto prices slip and...

News

Last week, a former cybersecurity expert for Twitter, Peiter “Mudge” Zatko, released a whistleblower report on the social platform. In his report, Zatko cited...

News

Zelle is a peer-to-peer payment app and service that can be used by individuals to send and receive money, in a similar vein to...

News

Earlier this week, following the third-term victory of Chinese President Xi Jinping, market shares in Hong Kong experienced a sudden, violent sell-off. Xi’s controversial...