www.bbc.com The US unemployment rate has fallen to a 50-year low, possibly easing recession worries after recent weak economic data.
The Labor Department figures showed that the rate fell to 3.5% in September from 3.7%, with the economy adding 136,000 jobs last month.
In addition, August data was revised up to 168,000 jobs created instead of the previously reported 130,000.
However, wage growth was unchanged and manufacturing jobs fell in September.
The report came on the heels of a string of weak economic reports, including a plunge in manufacturing activity to more than a 10-year low in September and a sharp slowdown in services industry growth to levels last seen in 2016.
There are fears that the Trump administration’s 15-month trade war with China is spilling over to the rest of the US economy, which has been one of the few bright spots in a world where many other countries are experiencing marked slowdown.
The US-China trade dispute has eroded business confidence, hitting investment and manufacturing.
John Williams of Shadow Stats claims that US unemployment is more like 20%. The government has changed its way of calculating and obfuscating the real numbers to the point you can’t believe any of it. And the Senate is sponsoring a bill (S. 386, I believe) to bring more guest workers into our country to take more American jobs. I wrote my Republican Senator about it and he IS GOING to vote for it. SO GUESS WHAT, I’m NOT voting for him next year. I’m to the point where if the Commies get voted into office, at least I know how they are going to act. But with these Republicans, they are totally UNRELIABLE.