Economy

Unemployment rate falls to 3.7 percent, lowest mark since 1969

Unemployment rate falls to 3.7 percent, lowest mark since 1969

In its release, the BLS said that response rates to its employment surveys "were within normal ranges", indicating it saw limited impacts from Florence.

"For years now we have continued to cross fingers and say more substantial wage growth soon", said Mark Hamrick, Bankrate.com senior economic analyst.

However, the report also stated that 134,000 jobs were created in the month of September.

The Federal Reserve raised interest rates last week for the third time this year and removed the reference to monetary policy remaining "accommodative". Figures issued Thursday showed applications for unemployment benefits fell in the week ended September 29 following a storm-related surge in the prior week, and claims are once again near the lowest level in nearly five decades.

The U.S. unemployment rate is at a historic low. "There is little in this report to stop the Fed continuing to raise interest rates gradually".

Trump Accuses Soros Of Paying Women To Confront Flake
It was a freakish claim, but a familiar one for many on the right, who have accused Soros of bankrolling other prominent protests. On Friday, she actually voted no on moving Kavanaugh's nomination forward.

Professional and business services remained the economy's strongest sector, with a cumulative 560,000 jobs added over the past year.

The last time the American job market was this strong, astronauts were still going to the moon.

Economists will also be eyeing the all-important wage figures, as a tightening US labor market has pushed pay higher.

Hurricane Florence, the storm that made landfall along the mid-Atlantic US coast on September 14, caused widespread disruption for homes and employers but it was not possible to determine the extent to which this might have depressed the September jobs numbers, officials said.

Other features of the household survey, from which the jobless rate is derived, also showed 276,000 folks couldn't work during the week the Bureau of Labor Statistics does its monthly survey because of weather reasons. Average hourly earnings rose 2.8 percent over the year, slightly above the average over the past year but down from last month's increase. The construction, mining, manufacturing, and logging industries added 900,000 jobs.

Jose Mourinho 'set to be sacked' as Manchester United manager this weekend
"I know my time in England - I don't remember any fragile Manchester United team", said Benitez. It was a move that even saw the likes of Paul Pogba and Nemanja Matic slot into the defence.

U.S. construction companies hired 23,000 more workers last month after increasing payrolls by 26,000 jobs in August.

In September, professional and business services grew by 54,000, transportation and warehousing jobs by almost 24,000, construction by 23,000, manufacturing by 18,000 and health care by almost 30,000. In the past four quarters, average hourly earnings increased by 2.8% and accelerated to 3.1% in the past two quarters.

That run has added almost 20 million people to the nation's payrolls since the Great Recession, which cost almost 9 million their jobs. In fact, the Fed's latest survey of national business conditions reflected concerns about labor shortages that are extending into non-skilled occupations as much as about tariffs. The United States and China had already imposed tariffs on $50bn worth of each other's goods.

During the April-June quarter, the USA economy expanded at a 4.2 percent annual rate, the best in four years.

The trilateral trade agreement between the US, Canada and Mexico was salvaged in an 11th-hour deal on Sunday.

General Electric just abruptly ousted CEO John Flannery
Some analysts said GE Power likely missed financial targets for the third quarter, contributing to Flannery's ouster. The executive, who also teaches at Harvard Business School, only joined the GE board in April.