Here is something interesting deep in the article...
“The report is a remarkable disappointment as a headline number, especially after receiving such promising macro data over the summer,” said Todd M. Schoenberger, president of J. Streicher Asset Management. “Oddly enough, though, this flat figure may still bode well for investors’ portfolios because it should force the Fed to take a breather with its ‘increase-in-interest-rate’ chant, which will push equity valuations higher. The data should help continue the markets’ upward trajectory today, and throughout the rest of the quarter.”
Those who don’t have jobs stay poor... but those who are rich with stock market portfolios are doing great... talk about inequality, The Obama administration sure creates the conditions for it.
ABC News' reporter actually said 'the sky is not falling' when they reported the jobs figure this morning. When have you ever heard that in a report on poor economic news.
Beating a dead horse, but it galls me to no end.
and he is pushing another rise in the minimum wage which will make things even worse.
Really??? There may have been an increase in orders, but inventories are rising, as is the lead-time from suppliers. That certainly doesn't paint a promising picture and if nothing else, could be construed as evidence that businesses don't have the level of comfort to invest in capital purchases or people to improve capacity.
I fail to see where there is any "promise" in the economy. Then again, I guess that would depend on one's goals or vision.
A record 92,269,000 Americans 16 and older did not participate in the labor force in August, as the labor force participation rate matched a 36-year low of 62.8 percent, according to the Bureau of Labor Statistics.