Leaves Fall, But Not Jobs
While some journalists covering today’s jobs report will focus on the slight uptick in the unemployment rate, everyone else will be looking at the strong rate of job creation in September and the upward revisions to job numbers for the previous two months. The number of new jobs created by private and public employers in September is estimated at 110,000, and job growth in August was revised upward from a loss of 4,000 to a gain of 89,000. This means that September was the 49th consecutive month of job growth. The good news, then, is that fears of recession are misplaced, but Congress must still take care to avoid upsetting the economy with heavy-handed economic interventions and growth-sapping policies.
- October 9th




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