US Employers Added 254K New Jobs in September
The Facts
- The US Bureau of Labor Statistics (BLS) announced Friday that US employers added 254K new nonfarm jobs in September — 51K more than the average monthly gain of 203K over the prior 12 months.
- The BLS also reported that the unemployment rate dropped from 4.2% in August to 4.1%.
- Meanwhile, wage growth was up 4% year over year in September — a 0.4% increase from a month earlier.
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The Spin
Democratic narrative
This is further evidence of a positive economy under Pres. Joe Biden and Vice Pres. Kamala Harris. This news comes on the heels of a solid report last week on the growth of the economy as a whole. Considering the economy in the past three-plus years has added almost twice as many jobs as it did between 2017 and 2019 under the Trump administration, Democrats should be celebrating.
Republican narrative
Of course, Democrats are going to celebrate this report based on the headlines, but average Americans must consider what this report shows beneath the surface. Unemployment is still rising and nearly a majority of new jobs created were in the government. Small businesses are hurting and — if elected president — Harris' policies will be detrimental to the economy.
Metaculus Prediction
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