In the USA, recorded a minimum level of unemployment for 50 years

Demonstration by contractual workers Birnagar West Bengal

Demonstration by contractual workers Birnagar West Bengal Telegraph archive

The unemployment rate for African-Americans dropped three-tenths of a percent to 6%; hovering slightly higher than the historic low of 5.9%.

If Republicans can make the case to voters that their policies are largely responsible for this increased pay and improved job prospects, they can maintain control of Congress on Election Day. This suggests that the tax cuts that took effect this year are boosting job opportunities.

The prime-age participation rate, or share of people 25 to 54 years old in the labor force, fell to 81.8 percent in September, and has ticked down in all except three months this year. This probably won't be the month to learn that lesson, however. Average hourly employee earnings rose by $0.08 or 0.3% to $27.24 in September, reflecting a year-over-year increase of 2.8%.

But the banner result from August's jobs numbers was surely the record low jobless rate, which was driven lower by job gains among adult women.

And many analysts see the unemployment rate continuing to decline this year, ramping up pressure on wages and prices.

Analysts polled by Refinitiv (formerly Thomson Reuters) forecast that the USA economy would add 185,000 jobs in September with the unemployment rate ticking down to 3.8 percent.

Economists forecast another robust month of job gains. For close to two-thirds of the U.S. population, this is the lowest unemployment rate in their lifetime.

The tightening of the labor market is leading to an increase in wages.

In the past 12 months, the United States economy added over 2.5 million jobs. The 2018 year-to-date gain is 189,000 compared to 207,000 for 2017.

Analysts chalked up the slower hiring to the hurricane and pointed to strength in revisions, which added a total of 87,000 jobs to payrolls in the previous two months. Jobs in leisure and hospitality (-17,000), education and health services (+18,000), retail (-20,000), and wholesale trade (+4,000) underperformed, while jobs in transportation and warehousing (+24,000), financial (+13,000), professional and business services (+54,000) were strong.

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