The September jobs report out Friday shows unemployment fell half a point from 8.4 percent to 7.9 percent, with 661,000 new jobs added, signaling a recovering economic recovery in the final weeks to the November election. The unemployment rate fell for the fifth month in a row.
Unemployment previously stood at 3.5 percent in February before the pandemic hit in March, taking 40 million jobs with it due to lockdowns that would eventually be prolonged in many states for months and re-implemented in several states over the course of the summer.
The September jobs report will be the last one before Americans cast their ballots on Nov. 3rd, the Federalist reported.
Gains in the hospitality and leisure industry led the September jobs numbers with 318,000 new jobs. The health care and social assistance gained 108,000 new jobs.