US hiring slowed in September as global economy weakened

Discussion in 'Political Issues' started by callihan_44, Oct 2, 2015.

  1. callihan_44

    callihan_44 INFIDEL

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    WASHINGTON (AP) -- U.S. hiring slowed sharply in September, and job gains for July and August were lower than previously thought, a sour note for a labor market that had been steadily improving.

    The Labor Department says employers added just 142,000 jobs in September, depressed by job cuts by manufacturers and oil drillers. The unemployment rate remained 5.1 percent, but only because more Americans stopped looking for work and were no longer counted as unemployed.

    All told, the proportion of Americans who either have a job or are looking for one fell to a 38-year low.

    Average hourly wages also slipped by a penny and have now risen by only 2.2 percent in the past year.

    http://hosted.ap.org/dynamic/storie...ME&TEMPLATE=DEFAULT&CTIME=2015-10-02-08-33-31

    these summer of recovery's are rough
     
  2. rj1939

    rj1939

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    Yeah, and they revised the lies from the last two months downward.
     
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  3. rj1939

    rj1939

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    I'd say we are seeing why the chairsatan of the fed collapsed during her last psychobabble speech the other day.

    Raise rates---------------------guaranteed recession
    Don't raise rates---------------head into a recession at zero interest rate
    Either way, a recession

    bernank knew when to get out.......................yeller, not so much.
     
  4. BORNGEARHEAD

    BORNGEARHEAD

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  5. fortyofforty

    fortyofforty

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    And this gets covered far less in the media than the first "prop up Obama" bogus statistics.