Job growth slumps in September but the unemployment rate falls to the lowest since 1969 | Forex Factory

  • Job growth slumps in September but the unemployment rate falls to the lowest since 1969

    From cnbc.com

    Job creation for September fell to its lowest level in a year though the unemployment rate dropped to a point not seen in nearly 50 years, according to Labor Department figures released Friday. Nonfarm payrolls rose just 134,000, well below Refinitiv estimates of 185,000 and the worst performance since September 2017 when a labor strike weighed on the numbers. The unemployment rate fell two-tenths of a percentage point to 3.7 percent, the lowest since December 1969 and one-tenth of a percentage point below expectations. A separate measure of unemployment that includes discouraged workers and those holding jobs ... (full story)

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nbfx
Oct 5, 2018 8:31am
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Quoting Guest
It was previously pointed out from the analysis of the ADP report that, due to its timing relative to 'pay day,' the hurricane had little to no effect on the employment data. There are 96.4 million eligible workers not working and those working are averaging only 34.5 of hours a week...which means they are making up the difference elsewhere (hence, adding to the #). Even if means picking up a couple of hours a week at a second part time job, the time spent is counted as a job added to the stats. As well, there is never consideration toward the added...
If that is the case then the effect would be noted on the next set of figures|?
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conglomerate
Oct 5, 2018 7:59am
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XM Markets connection is DEAD
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BawdidyOne
Oct 5, 2018 8:15am
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Quoting Guest
Job growth slumps because effect hurricane that cam be tolerate,the data job still solid and strong because the unemployment rate down at 3.7 percent and the fed still hawkish with that data
I agree and am long USD...
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Trader#A519
Oct 5, 2018 8:20am
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I'm too. XM MT5 not responding.
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Trader#5674
Oct 5, 2018 8:32am
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What's going on with XM?
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Trader#E0CC
Oct 5, 2018 8:18am
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It was previously pointed out from the analysis of the ADP report that, due to its timing relative to 'pay day,' the hurricane had little to no effect on the employment data. There are 96.4 million eligible workers not working and those working are averaging only 34.5 of hours a week...which means they are making up the difference elsewhere (hence, adding to the #). Even if means picking up a couple of hours a week at a second part time job, the time spent is counted as a job added to the stats. As well, there is never consideration toward the added commute expenses for the worker. I'll be surprised if ff prints this comment.
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conglomerate
Oct 5, 2018 8:31am
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They has connection problem. I just chat with XM CS
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Trader#E0CC
Oct 5, 2018 8:47am
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Quoting nbfx
{quote} If that is the case then the effect would be noted on the next set of figures|?
Perhaps. Food for thought...I have family that were scheduled to be on vacation in S.C.. They decided to keep with the timeline, but were able to take accommodations at an affiliate hotel further inward. The alternate hotel was booked solid due to S.C. residents needing a temporary stay. I assume the eateries in the surrounding area were busy as well for the same reason.
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Trader#E883
Oct 5, 2018 7:56am
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Job growth slumps because effect hurricane that cam be tolerate,the data job still solid and strong because the unemployment rate down at 3.7 percent and the fed still hawkish with that data
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