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September jobs report: Economy adds back disappointing 194,000 jobs


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September jobs report: Economy adds back disappointing 194,000 jobs

U.S. employers unexpectedly hired at a slower pace in September than in August, with labor supply shortages and virus-related impacts still exerting considerable pressure on the economic recovery.

The Labor Department released its September jobs report Friday morning. Here were the main metrics from the report, compared to consensus estimates compiled by Bloomberg:

    Change in non-farm payrolls, September: +194,000 vs. +500,000 expected and a revised +366,000 in August

    Unemployment rate: 4.8% vs. 5.1% expected, 5.2% in August

    Average hourly earnings, month-over-month: 0.6% vs. 0.4% expected and a revised 0.4% in August

    Average hourly earnings, year-over-year: 4.6% vs. 4.6% expected and a revised 4.0% in August

Non-farm payrolls were expected to pick up from August's much weaker-than-expected print, when renewed fears over the coronavirus deterred more workers from reentering the labor market.

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Our economy is built up on lies, and here is a great example. There are currently more people sneaking into our country than there are jobs created, yet according to the government we have declining employment. So the democrats "expected" 500,000 new jobs, and only 192,000 were created. Another factor is the number of young people entering the jobs market, another 70,000 has to be created just for them to keep the employment stable. So the 192,000 is really only about 110,000 new jobs, which is how things were during the Obama administration. Now the same people got back in, and we get the same bad results.

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