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 nations 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 ...
That's why we can never allow socialist policies to go into effect without a fight, hoping that liberals will learn from the disastrous results, because they CAN'T EVEN LEARN FROM FIRST HAND EXPERIENCE.
http://www.zerohedge.com/news/2013-10-22/us-somehow-adds-691k-full-time-jobs-september
US Somehow Adds 691K Full-Time Jobs In September
while the September Establishment Survey was a disappointing +148K, far below expectations, it was the Household Survey where the fun was.On the top line, the gain in jobs was comparable to the Establishment number: a timid 133K. However, looking at the breakdown between Full-Time and Part-Time jobs reveals something simply hilarious. The chart below summarizes it. According to the BLS’ magic calculations, in one month, the month during which the so-called uncertainly surrounding the government shutdown hit its peak (if one listens to CEO apologists), the US work force saw the rotation of some 594K part-time workers into a whopping 691K full-time jobs, in addition to adding over 100K net new jobs in the month.
Yes. Per this headline and similar——
Wall Street up on Fed-affirming jobs data
My head is spinning.....
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