October 7, 2016
WE JUST KEEP GROWING:
U.S. economy generates 156,000 jobs in September; unemployment rate ticks up to 5%. (Associated Press, 10/07/16)
Job growth has averaged 178,000 a month so far this year, down from last year's pace of 229,000. Still, hiring at that level is enough to lower the unemployment rate over time. Economists have expected the pace to slow as the supply of unemployed workers declines.
Posted by Orrin Judd at October 7, 2016 8:48 AM
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