Another month, another failed job report thanks to Joe Biden and the communist Democrats. September’s job report came in weaker than expected, a typical pattern in the Biden reign of terror.
The US labor market added 263,000 jobs in September — a slower pace than the previous month that shows a softening economy under President Joe Biden and stiff rate hikes by the Federal Reserve may finally be taking a toll on workers.
Nevertheless, the Bureau of Labor Statistics also said unemployment dipped to 3.5%, a 50-year low that reflects workers leaving the job market — and shows that the Fed still has its work cut out for it as it scrambles to tackle out-of-control inflation.
Average hourly wages rose 5.0% in September from a year earlier, a solid although slower pace than the 5.2% clip seen in August.
The latest numbers showed a slowed pace from August, when the US economy added 315,000 jobs. Economists had anticipated that the report would show that companies added 275,000 jobs and that the unemployment rate would hold at 3.7%.