U.S. economy added 248,000 jobs in September, far outpacing the 215,000 jobs Wall Street was expecting. The unemployment rate fell to 5.9 percent during the month, the lowest since July 2008, while the expectation was for it to remain steady at 6.1 percent. Meanwhile, the labor force participation rate dropped to 62.7 percent, the lowest since February 1978, while economists expected it to hold at 62.8 percent.
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Publishers Notes: Well if this isn't evidence enough to PROVE Rick Pollitt needs to be replaced, I don't know what to tell you any more. For more than 20 months there's been a DECLINE in jobs in Wicomico County. It's time for some new leadership.
The economy added 248,000 jobs, but 315,000 people dropped out of the work force. let's add that number and see what the end result is.
ReplyDeleteAnyone who believes Wall Street statistics would buy the Brooklyn Bridge at wholesale from a street vendor..
ReplyDeleteThis is negative job growth.
ReplyDelete250,000 new jobs a month need to be added to the economy to accommodate the normal increase in population.
Sand Box John
yea minimum wage part time jobs...or ones that pay commission only. There were no jobs created..trust me. Oh is there an election coming up?
ReplyDeleteThe economy did not create those jobs.. they are government jobs created by government.
ReplyDelete