The Last Jobs Report Before Election Day
The U.S. government on Friday released its final jobs report ahead of the presidential election next week, and it could influence how voters cast their ballots at the polls.
The economy added a net of 161,000 jobs during October, according to the Bureau of Labor Statistics. That’s actually less than the 191,000 jobs that were added in September, the release said. An average of 176,000 jobs have been added to the economy over the last three months.
The unemployment rate — which changed only by a tenth of a percent in October — was 4.9 percent, down from 5 percent in September, according to the release. It continues on the downward trend, from its high of 10 percent during October 2009, according to figures provided by the Bureau. And when President Barack Obama was first elected in November 2008, it still clocked in at 6.8 percent.
Throughout her campaign, Democratic nominee Hillary Clinton has considered these numbers as a sign of progress, and on Friday she tweeted specifically about how much President Obama has achieved during his time in office — and how much could be lost if her opponent is elected.
But Donald Trump thinks otherwise.
But what really changed during October, according to the Bureau’s jobs report, were the average hourly wages for civilian employees, which rose by 10 cents to $25.92. Over the year, average hourly wages have increased by 2.9 percent, according to the release.
Over the last few months, people across New York City have wanted this election to be over, particularly because they don’t like either candidate. But at the same time, they want to see lasting change — to be able to live comfortably without working multiple jobs.
“Even if you are making a good amount of money or a decent salary it doesn’t really take you far, at least in New York City. That’s the problem,” said Simone T, 26, who lives in Greenpoint, Brooklyn and works for an online e-commerce website. “Unfortunately, I don’t have any plans, winning the lottery or some benefactor to take care of me.”