september jobs report
The September jobs report is spooking even the optimists.
The nation's payrolls rose by only 142,000 last month, and job gains for July and August were revised down by 59,000, suggesting the pace of job growth has slowed in recent months. Analysts were expecting job growth of around 200,000, and the question is how much should it change our views about underlying labor market conditions?
Last week, President Obama asked the American people to keep his liberal economic policies at the front of their minds this election season. Or as he put it: "These policies are on the ballot -- every single one of them."
The last time the unemployment rate was below 6 percent was in July 2008. Moreover, while the labor force fell slightly (though statistically insignificantly) last month, the decline in the jobless rate over the past year has come for the "right" reason: more people finding work, not leaving the job market.
U.S. employers added 248,000 new jobs to nonfarm payrolls in September, the Bureau of Labor Statistics reported on Friday
So, that happened: Former Virginia Gov. Bob McDonnell's (R) career as a professional defendant has finished its first big story arc, with he and wife Maureen being convicted of 20 counts of corruption between them.
We're four years into a recovery that began in the second half of 2009, yet unemployment is still highly elevated, and job growth is once again decelerating. There should be no question that fiscal drag and general political dysfunction continues to hurt working families.
The U.S. economy added 148,000 jobs in September, as the unemployment rate ticked down to 7.2 percent, the Bureau of Labor
"Since the CPI price collection relies upon field staff visiting shops, some of the October data will never be collected
Similar fights in the past have led to the U.S. credit rating being downgraded in August 2011 and the destructive fiscal
Last month, former General Electric CEO Jack Welch ignited a controversy when he implied in a tweet that the Labor Department
Unlike last month, the fall is not attributed to discouraged workers dropping out of the labor force, but rather due to more people in the labor pool actually getting jobs.
The monthly jobs numbers are put together by career government analysts, using long-established statistical methods that
Chuck Todd had a brief but emotional reaction during a conversation on the September jobs report on Sunday's "Meet the Press
This week saw the first presidential debate. The main topic was the economy, but we heard more about Big Bird than jobs or the foreclosure crisis. Also missing: President Obama, who was more present on stage with Eastwood in Tampa than with Romney in Denver. It wasn't a bad metaphor for the last three years: one side lying about tax cuts and deficits, the other defensive and unwilling to fight for its own job-creating policies. The election narrative shifted again on Friday when the latest jobs report showed a drop in unemployment to 7.8 percent. Republicans screamed fraud, with no basis in reality. But lest we pop the champagne too soon, remember that at the present rate of 114,000 jobs added a month, it would take over a decade to reach full employment. A celebration based on such meager numbers underscores just how badly we need a real debate on the economy.
CORRECTION: A typo in a previous version of this article stated that Welch is the CEO of GM. It has been corrected. "To think
Black workers saw even bigger jobs gains. In September, 13.4 percent of black workers, or 2.44 million people, remained out