Published: Sun, October 07, 2018
Money | By Ralph Mccoy

Slower Than Expected Job Growth in September

Slower Than Expected Job Growth in September

The year-over-year increase in the average hourly wage was 2.8 percent, that is down from 2.9 percent in last month's data.

The tightening of the labor market is leading to an increase in wages.

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. This is the longest period of job growth in history. Labor force participation rate remained at 62.7%. College grads, unlike those with generally less education, are one of the few groups with an unemployment rate that is higher than its prerecession level. Teen unemployment fell by 0.3 percent to 12.8 percent. Gains or losses are calculated via the Current Employment Survey of 147,000 business establishments, while the unemployment rate is based on the Current Population Survey of 60,000 households.

Benitez laments squandered Newcastle chances after Man United comeback
Manchester United beat Benitez's side 3-2 yesterday thanks to a 90th-minute victor from substitute Alexis Sanchez . We think the fans deserve better.

Strong US economy buoys dollar, puts Asian currencies on skids
We won't be surprised by more than a 25 basis point hike, but still, we revise our end-year forecast for USD/INR to 75 from 73.5. On one hand, inflation expectations in India have risen sharply - a scenario that typically makes a rate hike more likely.

You can buy a Google Pixel 3 XL days before its launch
It reveals details about the device, along with features and photos about the Pixel 3 , Chromecast, and more. With the new video shared by Engadget , it's certain that Pixel 3 XL will have a massive notch.

Walser Wealth Management CEO Rebecca Walser on the impact of the Federal Reserve policy on the economy and investors' portfolios and the outlook for the job market. This probably won't be the month to learn that lesson, however.

Overall, healthcare employment has increased by 302,000 over the year, according to the bureau.

The comparable statistics for Canada have been: +1.2% for total; +1.2% for services; -1.4% for manufacturing; and +2.4% for construction. And he said he expects the economy can maintain the "very good pace" of job creation. Wild card considerations are legion, not the least of which is whether we see labor force flows on the order of 500,000 in either direction, like we've seen in two out of the last three months. Fundamentally, however, I expect robust payroll growth of 205,000 and earnings growth of 2.8 percent year-over-year, which should mean an extra 8 cents an hour for workers. The unemployment rate for workers with less than a high school degree or just a high school degree fell by 0.2 percentage points, while the unemployment rate for workers with some college fell by 0.3 percentage points. The most recent ISM manufacturing survey reflects concerns over trade. Regardless, those risks are unlikely to be reflected to any great degree in this morning's report.

Like this: