BLS Employment Situation: 142,000 jobs added to the economy in September. Unemployment rate holds at 5.1%.

Forget about an October rate hike and maybe forget about a December one too. The September employment report came in weaker than expected on all scores with nonfarm payroll at 142,000, well under the low estimate for 180,000. To seal the matter, downward revisions to the two prior months total 59,000. Average hourly earnings also came in below the low end estimate, at an unchanged reading and a year-on-year rate of 2.2 percent which is also unchanged. And the labor market is shrinking! The labor participation fell 2 tenths to a nearly 40 year low of 62.4 percent.

It should be no surprise, after all the regional and private indications over the past several weeks, that manufacturing is hurting. Payrolls fell 9,000 after falling 18,000 in August. These are job losses that can be blamed on weak foreign markets together with the negative effect of the strong dollar. Mining has also been hurting, the result here of low commodity prices. Payrolls in this industry fell 13,000 on top of August's 22,000 decline.

In contrast to manufacturing, there have been strong signals coming from retail which added 24,000 in September. Professional & business services also rose, up 31,000 which however is half the rate of gain from the spring and early summer.

Weekly hours fell 1 tenth to 34.5 hours in another sign of weakness. Private payrolls rose only 118,000 with government jobs adding a respectable 24,000 share. Another detail on manufacturing is a big 0.6 percent decline in hours that points to contraction for the industrial production report.

It doesn't get much worse than this, at least relative to expectations. This is a shock that however has been hinted at by reports such as Empire State or the Kansas City Manufacturing survey. There will have to be a big bounce in next month's October report to make a rate hike a real possibility at the December FOMC.

Markle wrote:Not surprising, BoardsofFL is lying again.  

Keep up the good work!

You had to hunt for a source that gave you a weak number of added jobs but not as weak as your usual sources.

WASHINGTON (AP) -- U.S. employers cut back sharply on hiring in September and added fewer jobs in July and August than previously thought - a sour note for a labor market that had been steadily improving.

The economy added just 142,000 jobs last month, depressed by job cuts by manufacturers and oil drillers. The unemployment rate remained 5.1 percent, but only because many Americans have stopped looking for work and are no longer counted as unemployed. The proportion of adults either with a job or looking for one is at a 38-year low.

Markle wrote:NO SURPRISE, the TRUTH AND FACTS are far different than our Progressive Spokesman wants to believe.  

Obamasucks wrote:http://hosted.ap.org/dynamic/stories/U/US_ECONOMY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2015-10-02-08-33-31


The unemployment rate remained 5.1 percent, but only because many Americans have stopped looking for work and are no longer counted as unemployed.

Obamasucks wrote:You are the biggest liar since Goebbels.

boards of FL wrote:Markle, I await your apology.  

https://pensacoladiscussion.forumotion.com/t21877-the-economy-added-just-142000-jobs-last-month-other-posters-have-posted-lies

Markle wrote:Not surprising, BoardsofFL is lying again.  

Keep up the good work!

You had to hunt for a source that gave you a weak number of added jobs but not as weak as your usual sources.

WASHINGTON (AP) -- U.S. employers cut back sharply on hiring in September and added fewer jobs in July and August than previously thought - a sour note for a labor market that had been steadily improving.

The economy added just 142,000 jobs last month, depressed by job cuts by manufacturers and oil drillers. The unemployment rate remained 5.1 percent, but only because many Americans have stopped looking for work and are no longer counted as unemployed. The proportion of adults either with a job or looking for one is at a 38-year low.

Markle wrote:NO SURPRISE, the TRUTH AND FACTS are far different than our Progressive Spokesman wants to believe.  

Markle wrote:MY post forced you to counter your own post of 200,000 new jobs with one showing what I POSTED.

boards of FL wrote:Well, Markle?  Why don't you correct yourself and delete your posts about "LIES", and then simply stand corrected and apologize?  

This is a test of your character here and you're failing miserably.  Did I lie about anything, Markle?  Didn't I post both the ADP and the BLS reports?  And didn't I even post the BLS report six hours before you did?

Markle wrote:

boards of FL wrote:Well, Markle?  Why don't you correct yourself and delete your posts about "LIES", and then simply stand corrected and apologize?  

This is a test of your character here and you're failing miserably.  Did I lie about anything, Markle?  Didn't I post both the ADP and the BLS reports?  And didn't I even post the BLS report six hours before you did?

You posted that you ONLY posted from the ADP.  That too was a lie.
 
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BLS Employment Situation: 215,000 jobs added to the economy in July. Unemployment rate holds at 5.3%.
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3 63 7/2/2015, 11:10 am by PkrBum


BLS Employment Situation: 173,000 jobs added to the economy in August. Unemployment ticks down to 5.1%
 [  Go to page: 1, 2 ]  by boards of FL
Politics
19 245 9/8/2015, 4:26 pm by polecat

Markle wrote:Not surprising, BoardsofFL is lying again.  

Salinsky wrote:I can't say for sure, but it would certainly appear as though Markle is slipping badly.

This seems more than the usual subterfuge and obfuscation we are all used to getting from him.

I'm usually not one to cut him any slack, but this looks like a very real loss of cognitive ability.