Posted on 10/22/2013 6:25:53 AM PDT by mykroar
After a delay of more than two weeks caused by the budget impasse in Congress, the Labor Department said Tuesday the U.S. economy added just 148,000 jobs in September, an amount unlikely to persuade the Federal Reserve to begin scaling back its easy-money policies.
The headline unemployment rate fell to 7.2%. Economists had predicted the addition of 180,000 new jobs last month and that the rate would hold steady at 7.3%.
The release of the September jobs report, initially scheduled for Oct. 4, was delayed by the 16-day partial government shutdown due to the fiscal standoff in Congress. The turmoil ended last week with an agreement to temporarily fund the government and suspend the nation’s debt limit.
Analysts said ahead of the release of the labor numbers that the fiscal uncertainty leading up to the Oct. 1 shutdown and the parallel threat of a government default would likely impact hiring in September.
(Excerpt) Read more at foxbusiness.com ...
So less jobs were created than expected (drink!) and the unemployment rate goes down instead of remaining steady. Are they even trying to make the numbers realistic anymore?
No.
BTW, the working age population increased by 175,000.
So that's only a net shortage of 27,000!
what a steaming pile
Added where???? In China?
So according to “experts” the partial gubmint shutdown in October is to blame for the lack of employment growth in September. how these people look at themselves in the mirror in the morning and actually take money from an employer to spew this disinformation is something I’d like to know.
Today I believe so very little. I wait until morning to see if the sun really will rise in the east.
How many of the jobs added recently are busywork government jobs or contractor jobs related to ObamaCare?
Whatever the number is, it’s too many.
“disinformation”?-
Comes from the ministry of propaganda -
I met with my family the other night-
All o’bummer NUTS- ALL looking for jobs-
Can’t figure out why no one is hiring!-
and here in Minnesota - the job numbers are supposedly good.
Liberal response:
This simply isn’t possible, and you are a racist that hates the idea of a black president!
What percentage were part-time jobs? The Democrats call these “burger flipper” jobs.
Which means we had another .1% drop out of the workforce.
< /snurk> And which economists are these? I want the names of these useless idiots.
Part time employment remained unchanged in Sept
And there's even more good news. The unemployment rate continued to decrease!
And laid off over 1.2 million. How many of those found jobs and how many have now been “written off” the unemployment books?
“and the unemployment rate goes down instead of remaining steady. “
That is why the Dow is up. Wall Street now sees the Fed not tapering bond purchases. They see low interest rates continuing and see that as supporting stock prices.
In other words; yes they see the fact that people are dropping out of the labor market; and see it as a very bad thing.
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