Another Obama Victory! September Job Growth ‘Significantly Worse Than Expected’

Posted by on Oct 22, 2013 at 10:13 am

Thanks to a rapidly dwindling work force (thanks again, Obama!), the unemployment rate actually went down, but only the media morons reading the news actually tout that as something positive.

Instead, it’s all bad.

  September saw the U.S. economy add just 148,000 jobs, significantly worse than expected, according to a report delayed more than two weeks by the government shutdown.

The unemployment rate unexpectedly fell to 7.2 percent, the lowest since November 2008, as the labor-force participation rate held near 35-year lows, according to the Bureau of Labor Statistics.

Private payroll creation stood at just 122,000, with state and local governments adding 28,000 positions and the federal government cutting by 6,000.

Economists had been expecting 180,000 new positions and a steady jobless rate.

In fact, here are the estimates from the so-called economists:

Safety in Numbers” estimates by bank:

  • Deutsche Bank 170k
  • Bank of America 170k
  • HSBC 171k
  • Citigroup 180k
  • UBS 195k
  • JP Morgan 195k
  • Barclays 200k
  • Goldman Sachs 200k

Pretty pathetic, huh?



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