Unemployment Reaches 30-year low Mark
We've done it again: the unemployment rate for September matched the 30-year low achieved last April. The final total for the month was 3.9 percent.
In addition, the jobless rate for African Americans fell to an all-time monthly low of 7 percent for September, surpassing the 7.2 percent achieved last April.
While September unemployment figures were negatively affected when the Census Bureau dismissed 27,000 temporary employees, the effects were more than offset by the settlement of the Verizon strike which brought 87,000 workers back into the workforce.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.