The narrative that President Trump is ruining the U. S. Economy took a mortal blow as the Labor Department reported September’s employment figures.
U.S. Unemployment Hit 50-Year Low in September
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.
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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.