The narrative that President Trump is ruining the U. S. Economy took a mortal blow as the Labor Department reported September’s employment figures.
Employers also added 136,000 jobs, suggesting the economy hasn’t been affected by global weakening
By Sarah Chaney, the Wall Street Journal
U.S. unemployment dropped to a half-century low in September and job growth continued at a modest pace, signs the economy is holding up despite a broader global slowdown.
The jobless rate dropped to 3.5% in September from 3.7% in August, marking the lowest rate since December 1969 when it also logged in at 3.5%. Employers added 136,000 jobs in September, and payrolls for August and July were revised up, the Labor Department reported Friday.
A falling unemployment rate should allay fears of a recession, said Josh Wright, chief economist at iCIMS Inc., a maker of employee-recruiting software.
“There were a lot of concerns that we were going to start rolling downhill and accelerating in the wrong direction, and the fact that we didn’t do that is itself a win,” Mr. Wright said.
Dhimmocratic Trump Hater’s were the only parties injured.