This is a tough post. I am going to share numbers that sound harsh and depressing but it’s the pill we have to take in order to get to the other side.

BLS Bureau of Labor and Statistics reported 150,000 jobs created in October below the estimated 180,000 expected. September and August job numbers were also revised down.

Unemployment rate now at 3.9% up from 3.8%. Hourly earnings rose 0.2% but lower than estimates and average weekly hours worked fell slightly from 34.4% to 34.3%.

Multiple job holders, increased 205,000 indicating people are having to pick up extra work to get by.

The economy is slowing down giving the Feds the green light to continue pausing the Fed Fund Rate and start looking at lowering next year. Rates are expected to drop, housing inventory will rise and we will be back on our feet.

Remember if the Unemployment rate is 3.9% that means that 96.10% are employed.