Eakinomics: September Jobs Report Prediction

About 1,000 of the new jobs are full time with 2,300 part time

About 1,000 of the new jobs are full time with 2,300 part time

The economy created 201,000 new jobs even though employment fell by 3,000 in manufacturing (one fears this is the leading edge of the fallout due to tariff increases).

According to the new method of calculation, the unemployment rate in Uzbekistan in January-June was 9.3 percent, Gazeta.uz reported with reference to the press service of the Ministry of Employment and Labor Relations.

Analysts polled by Refinitiv (formerly Thomson Reuters) forecast that the USA economy would add 185,000 jobs in September with the unemployment rate ticking down to 3.8 percent.

According to the results of the research, the unemployment rate has accounted for 9.3 percent of the economically active population, which is 0.4 percentage points lower than in the first quarter of the year (9.7 percent).

Average hourly earnings rose 0.3 percent from the prior month, matching estimates, following a downwardly revised 0.3 percent gain.

"Another solid jobs report; not too hot and not too cold", Kate Warne, investment strategist at Edward Jones told FOX Business. Over the year, the unemployment rate and the number of unemployed per. This is the longest period of job growth in history.

"The jobs report these days has become more about inflation than payrolls", and "the big picture should ease concerns about inflation", said Russell Price, a senior economist at Ameriprise Financial Inc.in Detroit. The jobless rate's decline to a 48-year low will put that view to the test. Over the year, the unemployment rate and the number of unemployed persons declined by 0.5 percentage point and 795,000, respectively.

Within healthcare, hospitals showed the most employment growth last month, adding 3,800 more jobs than the 8,200 added in August. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs. The combination of gains in employment and moderate increases in wages is lifting disposable incomes.

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