
The recession inherited by President Obama and mounting baby boom retirements are among the factors continuing to push the number up.
in your link stupid
The recession inherited by President Obama and mounting baby boom retirements are among the factors continuing to push the number up.
in your link stupid
We don't seem to have Legion Fag around to ask if everyone will hail Obama, do we?![]()
that is the acessment of the article idiot
you didn't read what you posted
November 4, 2016 - "The government, delivering the last major snapshot of the economy before Election Day, reported on Friday that employers added 161,000 workers in October, a performance that suggested a healthy outlook for the months ahead.
The official unemployment rate dropped to 4.9 percent, from 5 percent. And average hourly earnings rose 2.8 percent year over year, a level not reached since 2008.
“It was pretty positive across the board,” said David Berson, chief economist at Nationwide Insurance, adding that “most importantly, we got a nice jump in average hourly earnings and that actually corresponds with other data.”
The data on Friday also showed that more jobs were created in August and September than previously estimated. The revisions showed 44,000 more positions had been created, bringing the monthly average over the last three months to 176,000. Even more encouraging was the robust bump in wages, the most concrete sign that the labor market is tightening, and that ordinary workers are finally getting a slice of the rewards.
“This is money in the bank for workers feeling like they’ve been waiting a long time for this piece of the economic recovery puzzle to be added,” said Mark Hamrick, Bankrate.com’s senior economic analyst.
Jed Kolko, chief economist at Indeed, a jobs listing website, noted that the economy “set three post-recession records this month.” Wage growth is at its strongest point; the employment-to-population ratio for prime age workers reached 78.2 percent, its highest level since 2008; and the broadest measure of employment, which includes discouraged and underemployed workers, fell to 9.5 percent.
“These are all signs that the labor market continues to strengthen and is at its strongest point since the crisis,” Mr. Kolko said."