Economy adds only 142K jobs in September

by Vicki Needham | The Hill  |  published on October 3, 2015

The U.S. economy added a disappointing 142,000 jobs in September, reflecting a slowdown in the labor market amid turbulent global growth.

The jobless rate remained at 5.1 percent, maintaining the lowest level since April 2008, but only because people stopped looking for work last month, the Labor Department reported on Friday.

The data raises concerns about the resilience of the U.S. economy and could signal weaker growth after a strong showing in the April–June quarter, when the expansion hit a 3.9 percent annual pace.

  • Pam

    “People stopped looking for work”, that means their unemployment ran out!
    These “jobs” articles are a total joke. SoetoroCare cost me my job in November of 2013. I started collecting unemployment in January, 2014. When it ran out at the end of June last year, according to “statistics”, that is when I stopped looking for work. So I suppose all the applications I’ve filled out and the temp agencies I’ve signed up with and the interviews I’ve been on were all just figments of my imagination. I am sick to death of hearing how I am over or under qualified, how “we’re looking for someone with more specific experience”. In my county, what that means is “You are not young and pretty enough for us to overlook the fact that you DON’T SPEAK SPANISH”. I have applied at one bank for a lousy PART TIME TELLER job twice in the past 14 months, both times they told me they were looking for someone with “banking experience”, BOTH times they hired mexican girls between 18 and 20 years old. How much experience you think they had? Now, their ad is back up, again. Oh well.
    Never believe the “official” statistics. True unemployment in this country is closer to 20% than 5%.

  • I Seigel

    Delta is firing “an unspecified number” of its 10,000 management and office workers soon, to “increase productivity”. Which means that all the remaining people will have to work that much harder just to maintain the status quo. So the remaining workers’ “productivity” goes up, so that their stockholders are happier. And what happens to all those workers getting fired?

    And many of these companies are firing workers or not hiring new workers, but instead are buying back their stock. Result – more unemployed, but the companies’ stock prices go up. Good for stockholders and executives, bad for the workers and middle class.

  • dmttbt

    I don’t know that I would say that I like this, it is far too few jobs even to keep up with the illegals flowing in. We are at the mercy of government numbers and if you trust those, you are in big trouble. They make it to say what they want it to say.

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