Skip to comments.Pace of U.S. job growth slows
Posted on 10/22/2013 8:40:53 PM PDT by Olog-hai
The job market weakened in September amid a slowdown in key growth engines such as healthcare and leisurea worrisome sign given that the employment picture probably worsened this month with the partial federal government shutdown.
Employers last month added a modest 148,000 net new jobs, the Labor Department said Tuesday. That was down from an upwardly revised job growth of 193,000 in August, and well below analysts forecasts for about 180,000 new jobs in September.
The unemployment rate last month dropped a notch, to a five-year low of 7.2%, but that was partly the result of workers leaving the labor market.
(Excerpt) Read more at latimes.com ...
As the industry winds down preparing for the inevitable collapse.
Don’t you know? It’s because of the damage wrought by the government shutdown!
/forthcoming administration spin.
How can you slowdown from a standstill?
Acorn still hiring navigators?
"The trend is in the wrong direction," Robert B. Reich, public policy professor at UC Berkeley, said of job growth.
Like most experts, Reich expects the employment data for October, set for release Nov. 8, to look even worse than last month's because that report will incorporate some of the effects of the 16-day government shutdown.
I, for one, am sick to death of the notion that an economy can only grow if it is stimulated with borrowed money, financed with dollars created out of thing air. Really? That is how economics works? Yesterday, that was a story posted at FR about the economic decline of America's cities. Most of the cities peaked, economically, in the first half of the twentieth century, and have been in decline ever since. Where was the massive influx of government money that created the original prosperity? Well there wasn't any. The massive influx of government money to these cities has happened AFTER there supposed peak. And yet cities like Detroit, and Buffalo and Pittsburgh, and Toledo spiral downward. Stimulus?
I guess I should post the link:http://www.freerepublic.com/focus/f-news/3081712/posts
How long they going to be pushing this fraud.
Pray America is Waking Up
Must mean that the negative numbers are increasing. Who would have suspected that anyone at the LA Slimes understood math?!
Job growth has been at a breakneck crawl on a contrary conveyer belt since the advent of the kenyan.
Alice had something to say about that when she was visiting with the Coronary Queen.
And how exactly would you expect an economy to grow, through people working to produce valuable goods and services, driven by a desire to improve their own personal condition?
ALL government spending is, in fact, economically counterproductive. Some of that counterproductivity is necessary such as spending for the military. All of it serves to depress overall economic activity and progress. Government
“stimulus” is and ONLY is misallocation of resources and masking of economic signals which causes more misallocation of resources. Government “stimulus” is like pouring gasoline and sand into a car’s crankcase to make it run faster.
I’m not familiar with Alice and anything to do with the Coronary Queen, please educate me.
Apparently my education is lacking.
Alice in Wonderland with he Queen of Hearts- running as fast as you can to stay in the same place.
My only memory of Alice in Wonderland was from over 60 years ago. Thanks for the info.
It’s going backwards faster.
We are in a depression FIVE MILES DEEP!
reichhhhhh is a commie that wants the fed to pump 1 TRILLION dollars a month into out economy. If one took ever single coin and bill of money from all nations... all of the gold and silver and tangible worth... one would compile about 70 TRILLION DOLLARS... total WORLD WORTH! We owe going forward 120 TRILLION DOLLARS. TILT! GAME OVER!