Table of Contents
The article “The Numbers. September Jobs Report” by Kate Davidson was published in The Wall Street Journal on October 2, 2015. The article was divided into several sections for more comfortable reading and better understanding. It included the following parts: jobs, jobless rate, wages, broader measure, labor-force participation, and mining. Each of them provided the information about the topics stated in the heading through numbers and explanations of those numbers. In general, the article was about the situation with availability of the jobs, salaries and unemployment during the month passed and compared it with the previous months. Kate Davidson, its author, collected statistic researches about the situation with the jobs in the USA in September and described it in a brief but easy for understanding form.
The first part of the article was about the general situation with jobs in the USA. There, readers could find the information about the number of jobs offered in September and during the previous months. According to the first section of the article, despite of the expectation of 200,000 jobs to gain, only 142,000 of them were added by employers (Davidson, 2015). September was the 60th consecutive month of the job gains, and it was the longest period and some kind of a record. Furthermore, the first section informed the readers about the average job gain, counting the last three months. Its value was 167,000 with 223,000 jobs added in July and 136,000 jobs added in August (Davidson, 2015). It should be noted that the average showed a slowdown from the August three-month period. Additionally, the information about the payroll readings was found in the first section of the article. According to Kate Davidson (2015), it appeared that the payroll readings were revised down by 59,000 in total.
The second section of the article was about the situation with the unemployed. There, readers can find the September’s jobless rate, which is 5.1% (Davidson, 2015). This was the lowest rate since April 2008, but it did not change since the last month. According to Kate Davidson (2015), the highest one was at the end of 2009 and it was approximately 10 %. The rate of 5.1% was considered by the Federal Reserve officials as the long-term average. However, the low jobless rate could be the result of the decrease of the labor force.
The third section of the article was dedicated to the salary value and the duration of the working week. According to it, the hourly earnings of the workers in the private sector declined in September. During the last month, the average salary rate was $25.09 per hour, which was lower by 1 cent than during the previous month (Davidson, 2015). On the other hand, that was a 2.2% increase if compared to the year before that. The wages had been advancing slowly at the rate of 2% or near it during the significant period of the expansion (Davidson, 2015). Moreover, according to this section of the article, many economists blamed the slow increasing of gains because of their negative influence on the level of costumers spending and economic growth. Like they said, the latter one was sluggish (Davidson, 2015). It should be added that in this section, the reader could find the information about the decrease of the average working week. The rate of it, according to Kate Davidson (2015), was 34.5 hours in September, and it was by 0.1 hour less than during the previous month.
This section was about the unemployed rate in a broader measure. It meant that not only the people without job were counted but also the ones who had stuck in the part-time jobs were included. When it came to the unemployed rate, this section of the article showed that it had decreased to 10% in September (Davidson, 2015). During the previous month, for example, it was 11.7% (Davidson, 2015). As for the group of unemployed people, known as U-6, one should say that its rate was below the 10.7% average of the last twenty years (Davidson, 2015).
This section of the article was dedicated to the rate of the labor force participation. Therefore, it showed its decrease from 62.6% during the previous three months to 62.4% in September (Davidson, 2015). According to the latest researches, it was the result of the labor force declining. The rate of it was lower by 350,000 people during the last month (Kate Davidson, 2015). The share of the population, the working part of it, and those looking for job actively, has been dropping for several years successively. As Davidson (2015) states, the participation rate was near its rate in the late 1970s. It was the time when women were still entering the working force in large numbers.
The last section of the article was dedicated to the information about the employment in mining. According to it, the number of people who were employed in mining decreased in September. It fell by 10.000 jobs (Kate Davidson, 2015). In addition, the supporting activities for mining fell by 7.000 jobs during the last month. In general, Davidson (2015) writes that after reaching its highest level in December 2014, the mining employment lost 102.000 jobs. Furthermore, this section gave brief information about the other sectors that gained jobs last month. Among them there are professional services- 31.000, health care- 34.000 and retail- 24.000 (Davidson, 2015). It should be noticed that there was a little change in construction employment.
The article that has been analyzed in this paper is written in some special way. First of all, it was divided into several sections with each section having its specific heading. Each section provided the reader with the information about the facts that were substantiated with explanations and statements. As the article discussed jobs, jobless rate, wages, broader measure, labor-force participation and mining, the headings for each section were the same.