The employment numbers are in for September and its something of a mixed bag. We've highlighted the most important statistics for you to be aware of down below:
Less Americans Than Expected Filed For Unemployment
While this overall sounds positive it isn't all its cracked up to be. What this means is that the increase in new jobless claims from US Citizens wasn't as high as economic models has predicted. This follows the trend of a healthy and growing economy, the 4 week monthly average for people ON unemployment has dropped as well.
Job Growth Falls to Lowest Level in 2014
There were 142,000 new jobs added to the economy in august which is the lowest rate of job growth in 2014 and again slaps Economists in the face. They were expecting 200,000 new jobs to be added to the economy this month.
Unemployment Rate Fell From 4.2% to 4.1%
This is one of those numbers that economists love. It ties directly back into our first point about less people signing up for unemployment. In a market like this, they haven't had to!
The US Economy Is Expected To Grow By 2.5% By 2015
In the 2nd quarter (April, May June) the US Economy grew a staggering 4.5% and no one really expected it to keep up that kind of irrational exuberant pace but some economists were worried that the growth was going to stall. Instead, we are going to continue to see healthy growth (anything over 1.5% is healthy)