Know so so going into that but the Federal Reserve has already cut rates twice this year and it looks like people are expecting for them to cut rates once again in their meeting next week and then again in december when they meet again so people are looking at these expectation of federal the feds cutting their rates 2 more times just this year and thats the most that its happened in decades actually you know unemployment has traditionally been a lagging indicator so president boasting about what a strong labor market this is thats not really saying much at all so meanwhile on the trade front with President Trump theyre set to meet with china next thursday for their 13th on trade talks is there any improvement in their relations well the u. S. Merchandise trade deficit narrowed from july to august according to this new report released today by the u. S. Department of commerce but the china trade deficit looks like it narrowed down in august as exports rose to a fire much high in the u.
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
Issues that lay in front of me to tackle but how is that transformation going . That is basically the general question for you. And a massive one. Finally, last but not least, we will look at the mexican economy and antonio works at stoneridge these days covering issues related to mexico but is also been at Mexican Embassy and was up for a long time in charge of Economic Affairs there and in terms of the mexican economy if we look at the long term its been a mixed story. Mexico is very successfully integrated into the Global Economy and become a Global Manufacturing powerhouse but at the same time has levels of poverty and inequality there remain quite high. To have someone as part of the victory over the last 20 years in the mexican economy has been achieving macroeconomics ability through the independence of the central bank and fiscal responsibility across party lines and we now have a president that promises to maine pain physical responsibly and keep those things that work well in
Report. Obviously a little rainy out there. Thank you for joining us for those here in the room. We have one of our speakers who is dealing with the challenge thats getting here and uber. She needs an uber boat instead of a regular uber to get here. Well go ahead and get started. We have webcast audience as well as cspan covering us today. Well go ahead and get going. Thank you all for braving the weather and joining us today. We appreciate that and our final panels is actually here right now. Welcome blanca and thank you for joining us. A year ago on july 1st, 53 of the vote and that was 30 points higher than the second place candidate. It was a landslide victory. Moreno, concept the Congressional Election and winning majority of the lower house and the senate in mexico. It was historic for him winning both. Together they have ruled mexico for the past 90 years. This was a significant change. I was in mexico city last year on the day of the elections going around and talking to people