A record 447,000 Americans are now working 2 full-time jobs.
Job growth was stronger than expected in September, a sign that the U.S. economy is hanging tough despite higher interest rates, labor strife and dysfunction in Washington. Nonfarm payrolls increased by 336,000 for the month, better than the Dow Jones consensus estimate for 170,000, the Labor Department said Friday in a much-anticipated report.
The unemployment rate remained unchanged at 3.8%.
A record 447,000 Americans are now working 2 full-time jobs
10/13/2023
As for overall job growth, with revisions from July and August factored in, we’ve now seen roughly 2.34 million jobs created so far this year — and that’s after just nine months, not the entire calendar year.
As for the politics, let’s circle back to previous coverage to put the data in perspective. Over the course of the first three years of Donald Trump’s presidency — when the Republican said the United States’ economy was the greatest in the history of the planet — the economy created roughly 6.35 million jobs, spanning all of 2017, 2018 and 2019.
According to the latest tally, the U.S. economy has created roughly 14.4 million jobs since January 2021.
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