Final jobs report before the midterm elections also shows the US unemployment rate rose slightly to 4.2%
The country’s unemployment rate rose slightly to 4.2%, according to the latest data from the US Bureau of Labor Statistics. The numbers were just a fraction of economists’ expectations of just under 70,000 new jobs.
Earlier jobs figures were also revised down. Initial reports from July and August were altogether revised down 60,000. The labor market contracted by 10,000 jobs in July after revisions, while August saw 133,000 jobs added.
Though job growth slumped over the summer – the labor market unexpectedly contracted in July and figures in June and May were revised sharply down from initial reports – 162,000 jobs were added in August, the highest since March.
The numbers don’t mean anything because the BLS is just making shit up. Remember way back when the BLS director was fired for not lying about job statistics?
I’ll wait for the revisions to come out in a few months
with revisions, fewer jobs total than there were last month.
And now of those will even give me an interview.
