US employment gains slowed significantly in September, with the economy adding 661 thousand jobs, much weaker than forecast.
This is the lowest increase since the economy re-opened in June, and falls well below the employment increase of 1.5 million in August. But it was enough to push the jobless rate down to 7.9% from 8.4 % in August and a peak of just under 15% over the spring.
The African American unemployment rate slightly improved to just over 12% from 13% the previous month. But the participation rate declined across the work force, suggesting that many Americans have abandoned job searches.
The unemployment rate for white people was 7%, for Latinos it was 10.3%. The teenage unemployment rate was 15.9%. The current level marks the worst job loss that any president has faced going into an election based on records going back to World War II.
Lillian Jijingi
Follow us on:
After results from 16 of 18 local governments in the Edo State governorship election were…
Shettima has departed Abuja for the United States to attend the 79th Session of UNGA…
France Prime Minister Michel Barnier's new government seeks cross-party support in a hung parliament after…
Israeli soldiers have raided Al Jazeera’s Ramallah offices, ordering a 45-day closure amid escalating tensions…
Israel and Hezbollah engaged in heavy airstrike exchanges, with Israeli airstrikes targeting Lebanon and Hezbollah…
Operation Safe Haven has arrested two suspects in Plateau, recovering firearms amid intensified efforts against…