The wage growth v inflation comment is misleading. Inflation is cumulative.
While the jobs number is encouraging, I take it with a grain of salt, especially after the last annual downward adjustment of 885,000.
From BLS, which is more informative than partisan tweets. If it's shitting on the "news" to point out the facts as we know it, then so be it.
Total nonfarm payroll employment increased by 254,000 in September, and the unemployment rate
changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment
continued to trend up in food services and drinking places, health care, government, social
assistance, and construction.
Both the unemployment rate, at 4.1 percent, and the number of unemployed people, at 6.8
million, changed little in September. These measures are higher than a year earlier, when the
jobless rate was 3.8 percent, and the number of unemployed people was 6.3 million. (See table
A-1.)
The number of people jobless less than 5 weeks decreased by 322,000 to 2.1 million in September.
The number of long-term unemployed (those jobless for 27 weeks or more) was little changed over
the month at 1.6 million. This measure is up from 1.3 million a year earlier. In September, the
long-term unemployed accounted for 23.7 percent of all unemployed people. (See table A-12.)
In September, the labor force participation rate was 62.7 percent for the third consecutive
month, and the employment-population ratio was little changed at 60.2 percent. Both measures
changed little over the year. (See table A-1.)
The number of people employed part time for economic reasons changed little at 4.6 million in
September. This measure is up from 4.1 million a year earlier. These individuals would have
preferred full-time employment but were working part time because their hours had been reduced
or they were unable to find full-time jobs. (See table A-8.)