September Jobs Report Shows Continued Employment Weakness
On Friday, the Bureau of Labor Statistics released its September employment report, and it’s clear that the overall job market is anemic, at best. In September, total payroll job growth totaled 29,000, well below expectations, and a very small number as far as job growth goes. This contradicts the administration’s narrative that job growth is resilient or “bouncing back” or otherwise a sign of a strong economy.