US job growth blows past expectations, unemployment rate falls to 4.1% (www.reuters.com)

submitted 4 hours ago by usernamesAreTricky@lemmy.ml to c/politics@lemmy.world

8 comments fedilink hide all child comments

top 8 comments

sorted by: hot top controversial new old

[-] Rapidcreek@lemmy.world 38 points 4 hours ago* (last edited 4 hours ago)

"With 30 days until the election, has the economy improved too soon for Democrats? Some have concerns" - NYT. /s

[-] Rhaedas@fedia.io 17 points 3 hours ago

How is underemployment fairing? It's interesting what areas the leading job increases are in, wonder how many are part time? Then there's the average 4.0% wage increase, which good news is above the current inflation rate this time around by a few points.

[-] usernamesAreTricky@lemmy.ml 15 points 3 hours ago* (last edited 3 hours ago)

Luckily the actual report has all that info

Underemployment stats look a bit better. The number of part-timer workers for economic reasons is slightly down. Was 4.7 million in August vs 4.5 million in September. By economic reasons the BLS defines that as

economic reason such as slack work or unfavorable business conditions, inability to find full-time work, or seasonal declines in demand.

Here's the stats by industry

Here's the overview they gave of that

In September, employment continued to trend up in food services and drinking places, health care, government, social assistance, and construction

[...]

Employment showed little change over the month in other major industries, including mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade; retail trade; transportation and warehousing; information; financial activities; professional and business services; and other services.

[-] MyOpinion@lemm.ee 20 points 4 hours ago

But but the Orange Turd says the economy is the worst it has ever been!

[-] eran_morad@lemmy.world 7 points 3 hours ago

Thanks, Brandon.

[-] EasternLettuce@lemm.ee 0 points 2 hours ago

Surely these numbers aren’t massively overinflated like all of the rest

[-] usernamesAreTricky@lemmy.ml 4 points 1 hour ago

I assume you are talking about revisions to previous reports. Last week they actually had a revision showing the numbers last month were underestimates

From the article

The report followed on the heels of annual benchmark revisions to national accounts data last week that showed the economy is in much better shape than previously estimated, with upgrades to growth, income, savings and corporate profits.

[-] MediaBiasFactChecker@lemmy.world -3 points 4 hours ago

Reuters - News Source Context (Click to view Full Report)

Information for Reuters:

MBFC: Least Biased - Credibility: High - Factual Reporting: Very High - United Kingdom
Wikipedia about this source

Search topics on Ground.News

https://www.reuters.com/markets/us/us-job-growth-surges-september-unemployment-rate-falls-41-2024-10-04/

Media Bias Fact Check | bot support

this post was submitted on 04 Oct 2024

89 points (98.9% liked)

politics

18973 readers

3627 users here now

Welcome to the discussion of US Politics!

Rules:

Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive.
Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

• Register To Vote

• Citizenship Resource Center

• Congressional Awards Program

• Federal Government Agencies

• Library of Congress Legislative Resources

• The White House

• U.S. House of Representatives

• U.S. Senate

Partnered Communities:

• News