JohnEdgarSlowHorses » 04 Oct 2024, 11:24 am » wrote: ↑
ON FIRE!
BIDENOMICS BABY
WE ARE NOT GOING BACKWARDS
WE ARE NOT TURNING THIS ROCKETSHIP OVER TO TRUMP TO CRASH
Hiring blows past forecasts
Employers
added 254,000 jobs in September, blowing away forecasts and reversing a slowdown in hiring that had prompted the Federal Reserve to make a jumbo rate cut at its meeting last month.
Economists had forecast 140,000 new jobs, according to financial data provider FactSet. The unemployment rate inched down to 4.1%, versus 4.2% in the prior month.
The employment report marks the second-to-last reading on the labor market before the Federal Reserve's November 7 rate decision meeting, when the central bank is expected to once again cut its b
enchmark rate. The Fed last month made
a jumbo cut, its first rate reduction in four years, in the face of weakness in hiring and a cooling economy.
https://www.cbsnews.com/news/jobs-repor ... ment-rate/
In politics (and elections), perception is much more important than reality. Numbers may point to a good economy, but 58.5% of voters disapprove of the current administration's handling of the economy and voters put the economy the number one issue in this election...and it isn't even close. Demonrats keep harping about abortion and barely mention the economy, crime and the border disaster. The voters list the most important issues as (in order); the economy, health care, SCOTUS appointments, foreign policy, violent crime and immigration as their top six.
https://www.pewresearch.org/politics/20 ... -election/
https://www.realclearpolling.com/polls/ ... es/economy