🇺🇸 Donald Trump
Another disappointing jobs report suggests more challenges for Trump and the GOP
What happened
Employers added 29,000 jobs in September, missing estimates, and job growth over the prior two months was revised down by a combined 60,000 jobs. The unemployment rate ticked up to 4.2%, and average hourly earnings grew to $37.81 an hour in September, an increase of 3% on an annual basis, which is well below inflation at 3.4%. The health care sector added 17,000 new positions, while other industries barely expanded or lost jobs.
Why it matters
The jobs report may pose challenges for the Trump administration and the Republican Party as they face an electorate frustrated by the rising cost of living and the state of the economy, which is viewed as the top issue before the midterm elections.
Key facts
- Employers added 29,000 jobs in September
- The unemployment rate ticked up to 4.2%
- Average hourly earnings grew to $37.81 an hour in September
- Health care added 17,000 new positions
- Job growth over the prior two months was revised down by a combined 60,000 jobs.
Topics
Publisher evidence used
Reporting attributed to adn.com. WorldLeadersNews links readers to the publisher and does not present a headline-only item as a full article analysis.
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