Is The Economy Getting Better?
Here’s what happened…
President Biden has caused inflation, risked the American economy and gas prices are back on the rise however there is one new sign of good news that the Democrats can look forward to heading into the midterms.
According to NBC, the unemployment rate in the United States fell to 3.5%. Furthermore Nonfarm payrolls increased by 263,000 for the month of September. The Dow Jones estimated that the actual number would be 275,000, so it slightly fell short of expectations.
Additionally, average hourly wages increased by 0.3% for the month.
When looking at job sectors individually, leisure and hospitality had the biggest gain of 83,000 jobs however there is still 1.1 million jobs needing to be filled in America.
There were 60,000 added in the health care field and professional and business service jobs increased by 46,000. Construction jobs increased by 19,000 and wholesale trade was up 11,000.
