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September jobs report falls below expectations

first_img“The September jobs report was a troubling one, as job growth fell below expectations and thousands left the workforce,” said NAFCU Chief Economist and Vice President of Research Curt Long. Non-farm payrolls rose 661,000 during the month, and while the unemployment rate fell 0.5 percentage points to 7.9 percent, the labor participation rate also fell – dropping 0.3 percentage points to 61.4 percent.“In all, the labor force shrunk by nearly 700,000 workers in September, 89 percent of which were female,” Long said in a new Macro Data Flash report, noting that the drop in female labor participation coincided with the start of the school year. “Meanwhile, the ranks of the unemployed continue to tilt away from temporary layoffs and toward permanent ones; the latter group swelled by 350,000 during the month.With those additions, permanent job losers represent 2.3 percent of the labor force, which is just over half the peak during the Great Recession. It was not until 2017 that the figure returned to its pre-crisis level,” he added.Results among the major industries showed modest gains in most sectors, led by services growth. Leisure and hospitality gained 61,000 jobs, as did education and health services. Professional and business services (+25,000 jobs) and construction (+16,000) also saw gains. This is placeholder text continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrcenter_img This post is currently collecting data…last_img read more

Frank Lampard quits international football with immediate effect

first_imgEngland midfielder Frank Lampard has retired from international football after winning 106 caps.The 36-year-old was released by Chelsea in May after 13 years at the London club and he signed for New York City before agreeing to move to Manchester City on a six-month loan deal.Lampard scored 29 goals for England and captained the team in their last group match against Costa Rica at this year’s World Cup in Brazil.”I have taken the decision to retire from international football,” he said in a statement on Tuesday.”It has been a very tough decision for me to make which is why I have given it so much thought since the World Cup. I have always been exceptionally proud and honoured to represent my country and have to say looking back I have enjoyed every minute of wearing the England shirt.”Lampard said it was time put his family first given that he was soon to be playing in the United States. “Also, to concentrate on how I can perform consistently to the best of my abilities over my next few years in club football,” he added.”It is now the time to move forward and I feel very confident that with Roy Hodgson in charge, the young players that we have coming through, and the changes that are being made throughout the development of the youth system in this country, that we will have success in the future and a team that this country deserves.”England captain Steven Gerrard ended his long international career last month.Lampard made his international debut against Belgium in 1999, going on to play at three World Cups and two European Championships.He make headlines at the 2010 World Cup in South Africa when he had a goal wrongly disallowed in a second-round clash with Germany, a match England went on to lose 4-1.last_img read more