Unemployment rate falls to its lowest level in 50 years

[Hamartia Antidote]

https://abcnews.go.com/amp/Business/unemployment-rate-falls-lowest-level-50-years/story?id=66058946


The U.S. unemployment rate fell to its lowest level in 50 years and 136,000 jobs were added in September, the Department of Labor said Friday.


The unemployment rate, now at 3.5%, fell by .2% since August. Some experts say this should help quell fears of an upcoming recession.

Federal Reserve Chairman Jerome Powell, speaking at a Fed Listens event in Washington, D.C., on Friday, said the “overall” the economy is “in a good place” and "our job is to keep it there as long as possible.”

“Unemployment is near a half-century low and inflation is running close to, but a bit below, our 2 percent objective,” Powell said.

The last time the unemployment rate was this low was in December 1969, according to the government agency.

 

[V. Makarov]

That is how protectionism works. You tax the shite out of imported goods and then brag that local industry is growing. Yes Sherlock Holmes, its growing.

 

[Hamartia Antidote]

That is how protectionism works. You tax the shite out of imported goods and then brag that local industry is growing. Yes Sherlock Holmes, its growing.

Lol! I’m glad you see the light. That’s exactly what the US has been complaining about with China. So we implemented our own tariffs.

This is for all countries not just the US.
https://www.china-briefing.com/news/import-export-taxes-and-duties-in-china/

Value added tax for imported goods
From April 1, 2019, all goods imported into China are subject to the value added tax (VAT) of either nine percent or 13 percent.

The VAT rates were originally 11 percent or 17 percent but were decreased to 10 percent or 16 percent in May 2018, then to nine percent or 13 percent in April 2019.

 

[Crusher]

But this american guy who actually understands your economy has a different viewpoint on these unemployment numbers,

 

[Hamartia Antidote]

But this american guy who actually understands your economy has a different viewpoint over these unemployment numbers,

LOL! why should we listen to an idiot who said this back in 2012...

http://www.thesurvivalpodcast.com/gregory-mannarino-the-coming-economic-collapse
Episode-973- Gregory Mannarino on the Coming Economic Collapse
Posted on September 4, 2012 by Modern Survival

 

[Yaseen1]

It is good for u.s,their common public are good people and it is very good if their life become better

 

[moweike]

Fake data,this does not alleviate the recession
Are you a Trump economy cheerleader?

What Is the REAL National U.S. Unemployment Rate – Why the Numbers Can Be Misleading
https://www.moneycrashers.com/what-is-national-us-unemployment-rate/

US trade deficit widened in August to $54.9 billion
https://news.yahoo.com/us-trade-deficit-widened-august-123351038.html

Treasury: US deficit tops $1 trillion in 11 months
https://thehill.com/policy/finance/461138-treasury-us-deficit-tops-1-trillion-in-11-months

U.S. manufacturing dives to 10-year low as trade tensions weigh
https://www.reuters.com/article/us-usa-economy/us-manufacturing-dives-to-10-year-low-as-trade-tensions-weigh-idUSKBN1WG47G