Posted on 10/08/2021 7:16:12 AM PDT by Red Badger
The U.S. economy added 194,000 jobs in September and the unemployment rate fell by 0.4 percent to 4.8 percent, Labor Department reported Friday.
The September numbers are even worse than the disastrous report from August, showing only 235,000 jobs created. (August’s reported gains were revised up, however, from 235,000 to 366,000.) The sluggish pace of jobs created surprised experts again, as they predicted about 500,000 jobs created, but the economy fell short again.
The jobs numbers were expected to rise significantly in September, as expanded unemployment checks from the federal government expired.
But the report shows that Americans continue to sit on the sidelines as the Delta variant of the coronavirus continues to spread.
The labor force participation rate ticked down to 61.7 percent from the 61.8 rate in August, but largely within the average since the pandemic hit.
The numbers show that the economy has not yet gotten back to normal, as some industries performed worse than in August.
Leisure and hospitality jobs increased by 74,000, but did not change substantially in bars and restaurants.
Manufacturing only added 26,000 jobs, down from August’s gain of 37,000 jobs.
Jobs in mining gained 5,000, fewer than August’s 6,000 number.
(Excerpt) Read more at breitbart.com ...
Very unexpected
Unexpected!
I wonder how long before they admit 194,000 has to be revised down and it was only 110,000. That’s always the next step.
Carter stagflation on steroids.
Looks like China Joe’s build back better plan has hit another self inflicted policy disaster.
Sock puppet president and chaos crew takes another hit it never ends.
Yes, but Hunter keeps selling paintings for $75K, so he’s got that going for him! “Smartest man I know!”. /s
Deterred from getting job due to vax requirement?
Somebody supported these stupid Democrat sons of bitches.
Probably the same idiots who come here and write about how the Republicans are really running things.
Let me tell you something...American fools, that support Democrat, Joe Biden and his hate America Democrat Party....there is no such thing as a free lunch..period!!! Biden must go..today!!! Biden worst USA fake POTUS ever!!!
Go...Trumpie..period!!!
Wonder how many folks have lost their jobs as a result of the un-American, totalitarian “jab if ya wanna work” edict?
Hey Joe, why not tell us the really interesting number: the number of jobs lost because United employees didn’t want to take the jab?
You don’t need to hire extra Christmas sales staff if your store doesn’t have anything to sell.
You don’t need to hire extra Christmas sales staff if your store doesn’t have any customers........................
Trump rally attendees by the hundreds,already lined up outside the Iowa state Fairgrounds for Trump rally tomorrow, Saturday, October 9th, 2021!!! The Des Moine Media is estimating the largest turnout ever for a political rally in Iowa, with between 30-50,000 people expected to attend the rally tomorrow!!!
By the way the Biden two campaign visits this past week produced a massive 35 people at his first rally stop and a booming 45 people at his second stop. According to Biden Media reports, there were more Secret Service agents than rally attendees present!!!
B-b-b-but 85 million people voted for him!...............
Total BS, not a bad report. That’s why the market didn’t sink on the news and interest rates went up.
That’s a draft report and every draft report for months has been revised up. Also, government employment lost almost 200k jobs, which is a good thing going forward.
The unemployment dropped from 5.1% to 4.8% and wages increased .6% in a month. 5% is considered full employment.
Another shocking underperform by Traitor Joe and his Obmumbler handlers.
What’s the odds this is intended? These people hate America.
After 35 years of hiring people I can say that 5% or below is just recycling the trash time. Now if we could get some of the good “discouraged” people to come out work again...
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