Posted on 10/02/2015 5:45:28 AM PDT by John W
Edited on 10/02/2015 5:47:19 AM PDT by Admin Moderator. [history]
The U.S. economy added only 142,000 jobs last month, the Labor Department said Friday. The unemployment rate remained unchanged at 5.1 percent.
Analysts had forecast growth of a much more robust 206,000 jobs and an unchanged unemployment rate.
Wages were flat in In September, with average hourly earnings at $25.09, following a 9-cent gain in August. Hourly earnings have risen by 2.2 percent over the year. Average hourly earnings of private-sector production and nonsupervisory employees were unchanged at $21.08 in September, the department said.
(Excerpt) Read more at cbsnews.com ...
DRINK!
Yeah, but the official chocolate ration... er, unemployment rate
went down from 5.1% to 5.0%
Yikes, nearly 600K thrown out of the labor force this month alone.
Participation rate plummets down to 62.4%, Employment ratio hovers at 59.2%, only one point off the very bottom of the recession.
When 0bama was first elected - financial crisis.
When 0bama (presumably) leaves office - financial crisis.
The time in between isn’t so hot either.
Indeed.
Those two endpoints are the highlights of his career.
All that time in between, a huge U-shaped dip for everything American and Christian.
I like your tag line.
Inconceivably unexpected !!!DRINK !
Surprise!...Surprise!!...Surprise!!!...
We need another Recovery Summer. /sarc
The last 7 years have been one big miss!
BTW, bloomberg.com shows a picture of people in the unemployment line, and all except one is black.
What to make of it? It is intentional for some reason.
Either that 0bama’s policies are keeping black people down, or only whites are getting the jobs.
Being Bloomberg my vote goes for the latter.
“Yeah, but the official chocolate ration... er, unemployment rate went down from 5.1% to 5.0%”
Whatever, man.
Of course, no rational person actually believes this or, for that matter, most government-provided figures.
Yanking on Yellen’s shorthairs again I see...
Man.
That is the headline from CBS/AP.
The bloom must really be off the Obama rose.
Thats the establishment number. The broader household number shows a drop of 350,000 fewer jobs. The unemployment rate stays at 5.1 because 579,000 left the workforce.
But auto sales are up BIG. (Due to very attractive incentives due to high inventory, I may add.)
No, they're still white-washing something that's disastrous to make it look merely not-so-good.
August jobs number revised DOWN 37K! And July number revised DOWN also! This report is absolutely horrific!
*Drink*
The real rate is much closer to 13%, we never left the Great Recession and soon it will be much worse, cause by socialist policies of our dear leader. A big thank you to all those who voting for him.
at this point even the biggest lush would be saying “NO MORE!”
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