According to the Trump Labor Dept. the US Economy is the best in decade’s….
They also tell us wages are rising….
Something interesting is going on against all of this enthusiasm ….
The Stock market is actually dropping.…
People are selling offside of their holdings….
Seems they think a few shoes are gonna drop…..
Trump’s tariffs and a jump in interest rates from the Fed….
The U.S. unemployment rate fell to 3.7 percent in September — the lowest level since December 1969 — while hiring slowed.
Employers added just 134,000 jobs, the fewest in a year, the Labor Department said Friday. But that figure was likely lowered by Hurricane Florence.
Florence struck North and South Carolina in the middle of September and closed thousands of businesses. A category that includes restaurants, hotels and casinos lost jobs for the first time since last September, when Hurricane Harvey exerted a similar effect.
Still, September extended the longest streak of hiring on record, with millions of Americans having gone back to work since the Great Recession. Healthy consumer and business spending has been fueling brisk economic growth and emboldening employers to continue hiring. The September gain extended an 8½-year streak of monthly job growth.
Aside from the impact of the storm, the underlying trend in hiring remains strong. Job gains in August and July were revised sharply higher, to show 87,000 more jobs were added. Employers have added a robust 190,000 jobs over the past three months.
Last month, average hourly pay increased 2.8 percent from a year earlier, one tick below the year-over-year gain in August.
That figure could rise in the coming months. With the unemployment rate so low, companies are facing intense pressure to boost pay to find the workers they need. Amazon responded on Tuesday by raising its minimum wage to $15 an hour….