“With 30 days until the election, has the economy improved too soon for Democrats? Some have concerns” - NYT. /s
How is underemployment fairing? It’s interesting what areas the leading job increases are in, wonder how many are part time? Then there’s the average 4.0% wage increase, which good news is above the current inflation rate this time around by a few points.
Luckily the actual report has all that info
Underemployment stats look a bit better. The number of part-timer workers for economic reasons is slightly down. Was 4.7 million in August vs 4.5 million in September. By economic reasons the BLS defines that as
economic reason such as slack work or unfavorable business conditions, inability to find full-time work, or seasonal declines in demand.
Here’s the overview they gave of that
In September, employment continued to trend up in food services and drinking places, health care, government, social assistance, and construction
[…]
Employment showed little change over the month in other major industries, including mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade; retail trade; transportation and warehousing; information; financial activities; professional and business services; and other services.
But but the Orange Turd says the economy is the worst it has ever been!
Thanks, Brandon.
Surely these numbers aren’t massively overinflated like all of the rest
I assume you are talking about revisions to previous reports. Last week they actually had a revision showing the numbers last month were underestimates
From the article
The report followed on the heels of annual benchmark revisions to national accounts data last week that showed the economy is in much better shape than previously estimated, with upgrades to growth, income, savings and corporate profits.
