661,000 jobs restored to economy in September; unemployment rate falls to 7.9%. Broader unemployment rate: 12.8%.
This morning's jobs report was the last before Election Day - it shows that only half of all jobs lost thus far during the pandemic have been recovered. There are still nearly 11 (eleven) million jobs that remain lost
1) Trump inherited an unemployment rate of 4.7%
2) Americans will vote with it at 7.9%
3) broader U-6 unemployment rate preferred by many economists: 12.8%.
#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: -10.28 (Jan.-Sept.)
(Labor Dept./Bureau of Labor Statistics)
Job Creation Over 44 Months
Trump's first 44 months: -3.76M
Obama's last 44 months: +9.52M
(BLS data)
September unemployment:
Adult men: 7.4%
Adult women: 7.7
Teens: 15.9
Whites: 7.0
Blacks: 12.1
Hispanics: 10.3
Asians: 8.9%
(BLS data)
Nearly an entire decade's progress - lost
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