US Employers Added 254K New Jobs in September
US Employers Added 254K New Jobs in September
The Facts
The US Bureau of Labor Statistics (BLS) announced Friday that US employers added 254K new nonfarm jobs and the unemployment rate barely moved in September.The US Bureau of Labor Statistics (BLS) announced Friday that US employers added 254K new nonfarm jobs in September — 51K more than the average monthly gain of 203K over the prior 12 months.
While the unemployment rate dropped from 4.2% in August to 4.1%, the total of new jobs was higher than the average monthly gain of 203K over the prior year.The BLS also reported that the unemployment rate dropped from 4.2% in August to 4.1%.
The Spin
TheThis positiveis newsfurther aboutevidence theof a positive economy under Pres. Joe Biden and VPVice Pres. Kamala Harris just keeps on coming. This news comes on the heels of a solid report last week on the growth of the economy as a whole. Considering the economy in the past three-plus years has added almost twice as many jobs as it did duringbetween 2017-19 and 2019 under the Trump administration, Democrats should be celebrating.
Of course, Democrats are going to celebrate this report based on the headlines, but average Americans shouldmust understandconsider what this report shows oncebeneath youthe dig deepersurface. Unemployment increasedis still rising and nearly a majority of new jobs created were in the government. Small businesses are hurting and — if elected president — Harris' policies wouldwill destroybe detrimental to the economy if she's elected president.
