Washington – Economy Adds 103K Jobs, Rate Stays 9.1 Percent

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    Washington – Employers added 103,000 jobs in September, a modest burst of hiring after a sluggish summer.

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    Still, job growth remains too weak to lower the unemployment rate, which stayed at 9.1 percent for the third straight month.

    The Labor Department also revised the previous two months to show that companies hired at a better pace than first estimated.

    Nearly half of the gains last month occurred because 45,000 striking Verizon workers returned to their jobs.

    Employers have added an average of only 72,000 jobs in the past five months. The economy must create twice as many just to keep up with population growth.

    The jobs crisis has intensified a debate in Washington 13 months before President Barack Obama will run for re-election.


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    5 Comments
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    Mark Levin
    Mark Levin
    12 years ago

    Another fake number which will as usual be downgraded in a few weeks when the “real” numbers come in. Another point is that we are not told how many jobs were taken off – as in no longer in existence. That causes the 9.1 to stay the same. Don’t be fooled!

    puppydogs
    puppydogs
    12 years ago

    All you need to know is “Nearly half of the gains last month occurred because 45,000 striking Verizon workers returned to their jobs”
    You can’t be serious.

    HaNavon
    HaNavon
    12 years ago

    #1 ,

    You are correct. These numbers are highly manipulated, unemployment may be as high as 15-20% right now.

    NeoYekke
    NeoYekke
    12 years ago

    You need to understand the numbers, as they are meaningless without the legend. The stated rate is defined as the U3. This is the percentage of people unemployed, but actively and aggressively seeking employment. Metrics for this are hard to acquire, so the govt tends to rely heavily on the number of people receiving unemployment benefits. I know many (who were self-employed and lost their company, or who ran out of benefits) who are not counted in this number, so it tends to under-report. A better total number is what is called the “U6,” which is the U3 + those not receiving benefits or otherwise counted in the U3 (U4), + discouraged workers or those who have kind of given up (U5) + those that have accepted part time work. The official rate of this number is currently hovering around 16.5%.