The official jobs numbers for September have now officially been released and they fell far below the expectations of most economists, clocking in at only 194,000 jobs gained.
Approximately 500,000 jobs were expected.
As CNBC reports:
The U.S. economy created jobs at a much slower than expected pace in September, a pessimistic sign about the state of the economy though the total was held back substantially by a sharp drop in government employment.
Nonfarm payrolls rose by just 194,000 in the month, compared to the Dow Jones estimate of 500,000, the Labor Department reported Friday. The unemployment rate fell to 4.8%, better than the expectation for 5.1% and the lowest since February 2020.
The headline number was hurt by a 123,000 decline in government payrolls, while private payrolls increased by 317,000.…“This is quite a deflating report,” said Nick Bunker, economic research director at job placement site Indeed. “This year has been one of false dawns for the labor market. Demand for workers is strong and millions of people want to return to work, but employment growth has yet to find its footing.”
The health of the labor market will likely weigh heavily on the federal reserve as it decides whether or not to raise interest rates in order to combat rising inflation.
Biden isn’t fit to be president he is doing everything wrong an making everything worse
He knows and he doesn’t care.
CATHOLICS — A hundred nations, a thousand years, all CATHOLIC and all have exactly 100% failure!
ALL CATHOLICS are traitors to the USA. The Constitution was written when there were only 1 percent CATHOLIC TRAITORS in the USA.
In 1954 the ‘religious’ took over and inserted the ‘under god’ in the pledge of allegiance.
Now the SCOTUS are CATHOLIC TRAITORS . The Constitution is being picked apart, and the USA destroyed systematically.
We have open borders, and have been invaded by 60 million ILLEGAL ALIEN CATHOLIC INVADERS.
No “C” likes the Constitution. Now, a third of all elected are “C” and wish to destroy the Constitution bit by bit.
“The Constitution is being picked apart, and the USA destroyed systematically.
We have open borders, and have been invaded by 60 million ILLEGAL ALIEN…”
Your seeming conservative ideas (some of them) might be right if they are really yours and really conservative. But otherwise you are a miserable bigot. Many of us know that Democrats who are ruining our country are NOT really Catholics. I know as I am probably older than you (well over 70). I am not only a Catholic who despises 1950-style bigots; but unlike you, I am conservative and note that you smell like an undercover Marxist (just like the recent Fakebook “whistle-blower”)!
That’s the intention. That would make socialism easier to take over
He is not fit to be a Circus Monkey!
Now that isn’t fair, I have met quite a few Circus Monkeys and there were all very nice, and far more Intelligent and intelligible than Biden.
What does he expect, get all the same people as Obama and make all the same mistakes as Obama and you’ll have a stagnant economy just like Obama.
We’re in this mess because he got elected and reelected. Tell that to those who thought they were making history with their vote.
LOSER JOE! He’s never had a REAL job in his entire life (other than confronting Corn Pop);why would he know how to create jobs!