Wow, you would think that there would be some organic economic growth after Obama added $10 trillion to the national debt, but the September jobs report looks more like a forecast for recession than anything else.
The Daily Signal reports:
The Bureau of Labor Statistics’ September jobs report showed unexpected weakness in the labor market.
The payroll survey showed that employers created only 142,000 jobs in September. The economy created only 167,000 net new jobs a month in the 3rd quarter—a substantial drop from the 231,000 jobs a month pace in the 2nd quarter.
The numbers are even worse for private-sector job growth. Large expansions in government hiring boosted the August and September figures. Private-sector job growth dropped from 220,000 net new jobs a month in the 2nd quarter to 138,000 in the 3rd quarter.
[…]The Household survey reported that…
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