Stagnation continues: US economy adds only 156,000 jobs in September
posted at 10:41 am on October 7, 2016 by Ed Morrissey
Share on Facebook
30
30 SHARES
Economists had fairly low expectations from today’s jobs report from the Bureau of Labor Statistics — but the US economy managed to miss even those weak goals. The US added only 156,000 jobs in September and the U-3 unemployment rate ticked upward to 5%, as economists predicted 176,000 for last month. The miss, and the recent pattern of stagnant reports on jobs and economic growth, sets the stage for the next presidential debate on Sunday night:
Total nonfarm payroll employment increased by 156,000 in September, and the unemployment rate was little changed at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in professional and business services and in health care.
The unemployment rate, at 5.0 percent, and the number of unemployed persons, at 7.9 million, changed little in September. Both measures have shown little movement, on net, since August of last year. (See table A-1.)
http://hotair.com/archives/2016/10/07/stagnation-continues-us-economy-adds-156000-jobs-september/