Despite multiple signs of a global economic slowdown stemming from the trade war, today's published September jobs report shows some bright points in the darkness.
The labor market proved its strength last month with an unemployment rate not seen since 1969. With a decrease of 275,000, the national unemployment rate dropped to 3.5%. Meaning, buy-and-large, it's a job-seekers market with employers fighting for the best possible talent. Unfortunately, this did not translate to overall wage growth. In fact, wages failed to grow between August and September.
While not the weakest report of 2019, businesses continue to express fear over the direction of the economy.
Learn more about the state of employment in our infographic below: