The U.S. unemployment rate took a fall in October, as the economy continued its steady upward climb amid record-breaking job growth.
Despite the hit the labor force received in September due to destructive hurricanes, 261,000 jobs were added in October according to the Department of Labor’s monthly jobs report, NBC News reported.
JOBS, JOBS, JOBS! pic.twitter.com/twUNktGbnb
— Donald J. Trump (@realDonaldTrump) November 3, 2017
The last two months have seen an average of 139,000 jobs added as 85 straight months of gains continues to set a record.
And in the the lowest rate in 17 years, October saw unemployment levels dropped to 4.1 percent.
“The Labor Department also revised its figures for the month of September to show an increase of 18,000, as opposed to a loss of 33,000 jobs,” NBC reported.
Another drop in unemployment for the US, thanks @realDonaldTrump – lowest in 17 years! #MAGA
— Linki (@LindaTerhune) November 3, 2017
“The bigger picture here is that the labor market’s fine,” Brett Ryan, an economist at Deutsche Bank in New York, told The New York Times.
The leisure and hospitality sectors saw strong economic effects from Hurricanes Harvey and Irma in September, as employment fell by 102,000 jobs in September, then rebounded with even more — 106,000 jobs — in October.
DONATE TO BIZPAC REVIEW
Please help us! If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to BPR to help us fight them. Now is the time. Truth has never been more critical!
[email protected]
Originally from New York, Powers graduated from New York University and eventually made her way to sunny South Florida where she has been writing for the BizPacReview team since 2015.
- Minnesota Dems promote bills to ban gas-powered lawnmowers, chainsaws - February 18, 2023
- KJP shows off her contempt for Trump with unnecessary jab during comms director’s sendoff - February 11, 2023
- DOJ ramps up a ‘mere review’ to full-fledged investigation after latest Biden doc discovery - January 12, 2023
Comment
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.
