Correspondent john king is on his delve into the details of the new revelation to get into a bit of the business mindset lets go. The september jobs report is out and the numbers show a tight labor market as the Unemployment Rate dropped to a 5 decade low the top line data looks good with 10 industries adding jobs 3 losing and one unchanged alleviating some concerns on the street and boosting the markets today but lets take a closer look the payroll report was rather stagflation area as wage growth was flat stagnating and posting the worst annual growth in one year if we take out government jobs private payroll added only 114000. 00 jobs which is the 5th lowest private jobs in the past 3 years and finally if we take a look at the composition of job gains that wasnt so great with only low paying jobs in education and Health Category at the top meanwhile you have a decent ration of wages in high tech which previously was the fastest wage growth and this all come. The worlds 2 largest eco
A look at the composition of job gains that wasnt so great with only low paying jobs in education and Health Category at the top meanwhile you have a d. S. L. Ration of wages in high tech which previously was the fastest wage growth and this all comes as the worlds 2 largest economies remain in a tit for tat trade war with no solution in sight heading into the 13th round of trade talks next week so with this mixed bag report expectations for an october rate cut declined to just about 75 percent from 93 percent. And here to dive into the details with us is our 2 correspondents are among tuesday well go sarah welcome back you know these numbers that we got out today what are the projections look like generally and perhaps more importantly how did they do compared to expectations for the alterations according to the u. S. Bureau of labor statistics so to stix the Unemployment Rate did decline to 3. 5 percent last month this is the lowest since december of 1969 so. Again but the nonfarm pa
At 11. Murder for hire plot takes another dramatic turn. Dr. James kauffman awaiting trial for his wifes murder found dead in his new jersey jail cell. The investigation only getting more intense playing out like a made for tv movie. Good evening, im dawn timmeney. Five years after his wife was shot to death, dr. Kauffman arrested for hiring a hit man to kill the popular radio personality. Charged with her murder just two and a half weeks ago, today officials discovering him dead in his prison cell. Our Shawnette Wilson is live in our Operations Center with the details. Shawnette. Reporter dawn, what we know is that the suicide involved a note and bed sheets that it happened when kauffmans cell mate was out for Court Appearance. For the past five and a half years, i have felt like ive been holding my breath. Reporter that was kimberly reaction when we spoke to her earlier this month after dr. James kauffman was formally charged with condition his wife april whos kimberlys mother. I thi
Power lunch starts right now welcome to power lunch this september friday. Stocks are on session highs. The dow topping 22,000 for the first time in two weeks. Nasdaq trying for another record the s p 500 having its best week since april. All three major averages on track for a second straight week of gains check out movers wynn resorts trading at levels not seen in two years. The big news today, american jobs creating engine wilting a bit in august. Only added 156,000 jobs last month, below the 180,000 that economists expected. Senior economics reporter Steve Liesman is here to take us inside the numbers it is cooling, coasting, stabilizing . A lot of negative words used in the intro i dont know if i agree. Job growth did slow. Came in below expectations but is a decent report the population is growing at 80,000 thats what we should expect were almost double that number, still enough to take some workers off. Ism manufacturing, one of the highest numbers in a while more about that in
We will, and first, i have a lot of family and friends that are down there in the great state that are suffering right now and our thoughts and prayers certainly go out to everybody that is down there. When you try to separate though that devastation and it is horrific, you look about the economy which in houston which is a 500 billion economy and how it affects the greater economy over 20 of the nations refinery ability has been shutdown. The Colonial Pipeline that goes from houston to new jersey that carries most of the gasoline is not even able to run at times because theres not enough fuel coming from lake charles into houston. That will affect goline prices andilrices. The iediate lossn houston is going to be more o a regional event as far as job loss and as far as economic destruction. Overall though once you start seeing feds step in, the state step in and insurance step in, you will start seeing this slowly recover. What happened in new orleans is a bit different because you ha