Daily Caller

October Jobs Report: 128,000 Jobs Added, Unemployment At 3.6%

Mary Margaret Olohan on November 1, 2019

The U.S. economy added 128,000 jobs in October, while the unemployment rate rose to 3.6%, according to Department of Labor data released Friday.

Despite a General Motors strike, 128,000 jobs were added in October, according to the Bureau of Labor Statistics report — about 8,000 fewer jobs than were added in September.

Economists predicted the General Motors strike would heavily impact the October jobs report, predicting that only 89,000 jobs would be added and that unemployment would rise to 3.6%, according to CNN. The unemployment rate dropped to 3.5% in September, the lowest unemployment rate since December 1969.

“Even though much of the expected October slowdown will likely be due to temporary factors, we don’t want to ignore the impact the trade fight is having on business job decisions,” Beth Ann Bovino, US chief economist for S&P Global Ratings, told CNN.

Economists also worried before the jobs report was released that the economy would lose jobs during October.

“Some months are just bad, while other months are just good — and usually it doesn’t matter,” Brad McMillan, chief investment officer for Commonwealth Financial Network, told CNN.

Job growth has come back strong after February, when just 33,000 jobs were added.

The unemployment rate has held steady between 4% and 3.7% for more than a year before the April jobs report showed it drop to 3.6%. Prior to April’s report, the consistent unemployment rate suggested that workers are jumping back into the workforce to fill open jobs, rather than the workers who are currently collecting unemployment welfare, according to The Wall Street Journal.

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DCwire features investigative reporting syndicated with permission from the Daily Caller News Foundation.

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  • And to think he did this w/out any help from any (D) or RINO's !
     What will Dems try to pin on Trump now? The Mueller report is dead, Russian Hoax a joke, the economy is booming, unemployment is low...NO collusion!! Get over it already! Dems need to do there JOB!! Stop beating this dead horse and stop crying impeach and waste MORE time and money!
    In his first two years, Pres. Trump has done more to help minority Americans than any other in the modern era. In fact, African-American unemployment has hit a record low, and homeownership has soared. Democrats are putting their support behind job-stealing illegal immigrants.
    Women’s unemployment recently at lowest rate in nearly 65 years.

    Trump has been good for the economy and for the working class. We’re seeing broader economic growth accelerating faster than it has in decades — much faster than when “Obummer” tried to con us all into paying for everything under the sun.

    USA!USA!USA! Trump/Pence 2020 all the way ! Loser (D)'s go away !

  • Anyone remember when Trump promised that the economy would grow by over 4% per year?
    For those with short memories, Obama's last quarter was 2.2%, this past quarter was 1.9%. Far short of what Trump promised in 2017, "The economy now is at 3%. Nobody thought it would be anywhere close. I think it could go to 4, 5, and maybe even 6%, ultimately."

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