Unemployment rate stays at 3.7% as 250K jobs added in October
05 November, 2018, 00:47 | Author: Mary Valdez
US employers added a better-than-expected 250,000 jobs in October, soaring past expectations for an increase of 190,000 jobs in the last jobs report before the midterm elections and on the heels of an incredibly volatile month for the stock markets.
Pay gains also arguably are understated owing to demographics.
"Many large businesses will be able to absorb the higher costs without passing them on to the consumers", said Julia Pollak, a labor economist with ZipRecruiter.
"Unemployment at 3.7%. Wages UP!"
President Donald Trump celebrated the figures on Twitter as "incredible" and urged his followers to "Vote Republican".
Mr Trump and Republicans seek to capitalise on the solid performance of the economy as they prepare for the next week's midterm elections. Many appear motivated by noneconomic factors. Polls show Democrats stand a good chance of retaking the House of Representatives, providing a greater check on Trump's agenda. The measure includes part-time workers wanting a full-time job and people who are not actively looking for work. Restaurants and hotels gained 33,000, a lot of them lower-paying. The United States economy continues its longest, consecutive streak of positive monthly job numbers, with employment growth averaging 213,000 jobs per month in 2018-larger than the monthly gains in both 2016 (195,000) and 2017 (182,000). Eighteen states have increased their minimum wages this year. This is the fastest rate of wage growth since April 2009 and further increases are likely in the months ahead. Still, the pay growth suggests the benefits of a healthy economy are rippling out to more people.
A new Diablo chapter, Diablo Immortal, arriving on Android soon
The next Diablo game is not headed to the PC platform , and instead will land on Android and iOS for hack-and-slash fun on the go. We feel that they're passionate about the franchise ... and they put their heart into it just as we put our heart into it.
Among the major worker groups, the jobless rates for adult men (3.5%), adult women (3.4%), teenagers (11.9%), Whites (3.3%), Blacks (6.2%), Asians (3.2%), and Hispanics (4.4%) showed little or no change in October. Yet that hasn't happened.
October also marked the second month in a row that a hurricane had landed in the middle of the survey - meaning the figures could be subject to extra volatility, Ian Shepherdson of Pantheon Macroeconomics said.
The influx of new job-seekers lifted the proportion of Americans with jobs to the highest level since January 2009.
Employers, scrambling to find qualified workers, are boosting wages.
The gains in jobs and pay took a toll on the bond market, however. But his tax cuts and deregulatory policy have contributed to rising business confidence. Americans increased their spending by 4 percent in the July-September quarter, the biggest acceleration in almost four years. "The trade war is slowing the growth rate, because tariffs are a sales tax imposed on Americans by the US government". North said that means existing employees are likely working more hours each week as the labor force tightens and employers have a hard time finding workers. "We've finally gotten unemployment low enough that we're actually getting some traction on wages and salaries".
The Fed is not expected to raise rates at its policy meeting next week, but economists believe October's strong labor market data could see the US central bank signal an increase in December. Corporate investment in machinery, computers and other equipment barely rose in the July-September quarter, after two quarters of solid gains. Stocks on Wall Street fell while U.S. Treasury yields rose. The firm expects to add about 50 more jobs in the next year. Earnings for non-bosses (a category the Labor Department calls "production and non-supervisory workers" and excludes managers), grew even faster at 3.2 percent.
On Friday, the coalition said it had attacked ballistic missile and drone sites at the worldwide airport of the Yemeni capital. On Tuesday it was reported that the real death toll in Yemen was likely five times higher than the official count given.
Safety experts caution, however, that the data must be checked for accuracy against the flight data recorder. Sirait did not elaborate on the issue and said he had no plans to ground the rest of Lion Air's Max 8 fleet.
Police did not release any further information about the person arrested, but eyewitnesses said it was a male suspect. The police previously said that firearms officers and the London Ambulance Service were at the scene.
Los Angeles led almost throughout and was up 111-98 with 3:42 to go before the Mavericks went on a 15-2 run to pull even. Luca Doncic tied it at 113-113 on a jumper, setting the stage for James' game-winning free throw.
Now, another report has surfaced online claiming that private messages of 81,000 users are being sold on the internet . If initially it was said about 50 million pages hacked, in the end, it turned out that there were about 30 million.
West Texas Intermediate (WTI) crude futures advanced 28 cents, or 0.4 percent, to $66.46 a barrel on Wednesday. Brent for January settlement fell 16 cents to $72.73 on the London-based ICE Futures Europe exchange.
That said, the game doesn't look bad, and, as much as some don't want to admit it, Diablo is well-suited to mobile gaming. As of the writing of this article, the game's cinematic launch trailer has 2k likes and 54k dislikes on YouTube .
The Democratic National Committee works with a group of contractors and partners to rapidly identify misinformation campaigns. The accounts made it appear as if the misleading information was coming from Democrats, which it was not.
His status remains as murky as ever - he still has to serve out the remainder of a USADA suspension - and was not spotted at MSG. Lewis landed a nice combo 30 seconds into the second round and even tried a switch kick as he stepped up the aggression.
Others such as Russian Federation , the United Arab Emirates and Iraq could potentially squeeze out a little more as well. The Trump administration has looked to other Middle Eastern producers, most notably Saudi Arabia, to increase production.
Turkish official claims writer's body dissolved
In an interview with ABC News on Thursday, Cengiz called on President Donald Trump to help bring Khashoggi's killers to justice. The reported phone call to the White House came before Saudi Arabia admitted Khashoggi had been killed.
PM Imran meets Chinese President Xi in Beijing
The statements evoked serious concerns in China as the CPEC is the flagship project of President Xi's pet multi-billion BRI. Saudi Arabia has already pledged $3 billion to help Pakistan stave off its fiscal crisis and agreed to defer oil payments.