News that doesn't receive the necessary attention.

Friday, October 7, 2016

September 2016 US jobs 20,000 fewer than expected. Restaurants and bars added 30,000 jobs. CBO: Aspects of ObamaCare and structure of tax code 'reduce incentive to work or seek work'

"A broader measure of unemployment that includes those who have stopped looking for jobs as well as those working part-time for economic reasons was unchanged at 9.7 percent." 

10/7/16, "US created lower-than-expected 156,000 jobs in September," CNBC, Jeff Cox

Job creation edged lower in September....Nonfarm payrolls increased 156,000 for the month and the unemployment rate ticked up to 5 percent, the Bureau of Labor Statistics reported Friday. Economists surveyed by Reuters had expected 176,000 new jobs and the jobless rate to hold at 4.9 percent. The total was a decline from the upwardly revised 167,000 jobs in August (compared with the original number of 151,000).... 

Average hourly wages pushed higher, rising 6 cents to an annualized rate of 2.6 percent. The average work week also inched up one-tenth to 34.4 hours. 

A broader measure of unemployment that includes those who have stopped looking for jobs as well as those working part-time for economic reasons was unchanged at 9.7 percent. 

The number of workers considered not in the labor force fell by 207,000 to 94.2 million....

Professional and job services led the way with 67,000 new jobs while health care added 33,000 and restaurants and bars contributed 30,000."...


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I'm the daughter of an Eagle Scout (fan of the Brooklyn Dodgers and Mets) and a Beauty Queen.