1.4 million jobs restored to economy in August; unemployment rate falls to 8.4%. Broader unemployment rate (U-6 rate) 14.2% (BLS.gov)
#Job growth since 2008 (millions)
2008: -2.76
2009: -4.13
2010: +1.03
2011: +2.07
2012: +2.17
2013: +2.30
2014: +3.00
2015: +2.72
2016: +2.34
2017: +2.10
2018: +2.31
2019: +2.13
2020: -11.08 (Jan.-Aug.)
(Labor Dept./Bureau of Labor Statistics)
Broader U.S. unemployment rate down to 14.2%, Labor Dept. says. Definition:
August #unemployment rates:
Adult men: 8.0%
Adult women: 8.4%
Teens: 16.1%
Whites: 7.3%
Blacks: 13.0%
Hispanics: 10.5%
Asians: 10.7%
(BLS.gov)
Monthly job data for past decade
(BLS.gov)
1) Trump inherited an unemployment rate of 4.8%
2) it is now 360 basis points above this: 8.4%
3) there will be one more payrolls report prior to election
4) voters will go to polls knowing that the jobless rate rose on Trump's watch
Unemployment in swing states (separate report through July - August rates will likely be lower)
AZ: 10.6%
FLA: 11.3%;
MICH: 8.7%
NC: 8.5%
OH: 8.9%
PA: 13.7%
TX: 8.0% (Texas looks purplish)
WISC: 7.0%
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