Unemployment Rate In U.S. Falls To 5.9 Percent
Good news for America means bad news for Republicans. The unemployment rate fell to 5.9 percent. 248,000 jobs were added in September, according to the Bureau of Labor statistics.
The strong report — the last one before the midterm elections — was likely to buoy the outlook of economists who had worried the post-recession recovery was being sidetracked. Those fears were prompted by the government‘s earlier report on Sept. 5 that fewer jobs were added in August than in any month so far this year.
The pace of job creation in September, which was above many economists’ expectations, signified a return to the 200,000 level, a mark that had been surpassed each month since midwinter until the August lull.
But even the August numbers weren’t as bad as originally thought. The government made revisions that showed 180,000 jobs were added in August. Originally it said just 142,000 workers were added to payrolls.
Over the past 3 months, payrolls growth has averaged +223k. A good sign, suggesting a mild uptick in the rate of growth over recent months.
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Friday’s jobs report was evidence that the end of summer’s poor showing was merely a blip. Still, the nation’s output is far from lifting off the way many economists in the immediate aftermath of the recession predicted would be the case by now.Instead, it is taking baby steps, slowly inching forward at a rate to which many economists and investors have become accustomed. With housing prices increasing and business investment showing strength, many analysts are optimistic that in the next six months the economy will get even stronger, as incremental as that may be.
“All the conditions for a strong recovery are in place,” said Robert Shapiro, co-founder and chairman of Sonecon, a financial consulting firm, in an interview before the report was released.
But..but…but the Obomola virus is a plot to infect the masses, thus driving them to Obamacare plans. Or something like that will pop up in right wing news media sources in order to deflect from a healing economy.
Copyright 2014 Liberaland
By: Anomaly100
mea_mark October 3rd, 2014 at 11:28
It sure is getting hard for the republicans to generate fear based on reality with things looking better all the time. I look for the right-wing media and the republicans to flood America with lies in the last few weeks before the election, with the hope that they can’t be exposed fast enough to hurt them. Social media and the good people of America, I hope are up to the task of debunking lies and exposing the truth.
crc3 October 3rd, 2014 at 11:56
I agree but there are still a lot of ill-informed voters out there who have no clue what one candidate or the other REALLY represents in spite of the available information. Education and knowledge is key to any and all elections as well as most of life…
rg9rts October 3rd, 2014 at 12:15
Wall Street has had its best run in a long time and set all new highs. This never happens with a gopee president….why???
granpa.usthai October 3rd, 2014 at 12:37
Democrats tend to care more about the US Economy for the US people first.
Republicans go for whatever puts the most deposits into their offshore bank accounts. (a double whamee on the US Economy – the employment business is crashed and burned -ref: Mitt Romney in 1980’s. Monies (of which only a limited supply is released annually) is withheld from US Banks, meaning there is less to borrow for start up investments.
Democrat Economy: good for the US peoples
Republican Economy: good for offshore bank customers
should be a no brainer for working Americans making less than $380,000 a year, but some of them seem to have a hangup about Democrats from Hawaii.
granpa.usthai October 3rd, 2014 at 12:44
maybe, because Hawaii, though an Island State, is still under the scrutiny of US Banking Guidelines and Laws?
granpa.usthai October 3rd, 2014 at 12:27
color plays an important factor also.
Red alert!
Orange alert!
Red alert!
Orange alert!
BLACK!!
OMG!
BATTLESTATIONS, BATTLESTATIONS!
ding, ding, ding,ding
THIS IS NOT A DRILL!
edmeyer_able October 3rd, 2014 at 14:14
I think they have a clue but are too stubborn to admit that a candidate can make a difference.
granpa.usthai October 3rd, 2014 at 12:24
FEAR: – our Hawaiian POTUS is black seems to working pretty well in the south.
mea_mark October 3rd, 2014 at 11:28
It sure is getting hard for the republicans to generate fear based on reality with things looking better all the time. I look for the right-wing media and the republicans to flood America with lies in the last few weeks before the election, with the hope that they can’t be exposed fast enough to hurt them. Social media and the good people of America, I hope are up to the task of debunking lies and exposing the truth.
crc3 October 3rd, 2014 at 11:56
I agree but there are still a lot of ill-informed voters out there who have no clue what one candidate or the other REALLY represents in spite of the available information. Education and knowledge is key to any and all elections as well as most of life…
rg9rts October 3rd, 2014 at 12:15
Wall Street has had its best run in a long time and set all new highs. This never happens with a gopee president….why???
granpa.usthai October 3rd, 2014 at 12:37
Democrats tend to care more about the US Economy for the US people first.
Republicans go for whatever puts the most deposits into their offshore bank accounts. (a double whamee on the US Economy – the employment business is crashed and burned -ref: Mitt Romney in 1980’s. Monies (of which only a limited supply is released annually) is withheld from US Banks, meaning there is less to borrow for start up investments.
Democrat Economy: good for the US peoples
Republican Economy: good for offshore bank customers
should be a no brainer for working Americans making less than $380,000 a year, but some of them seem to have a hangup about Democrats from Hawaii.
granpa.usthai October 3rd, 2014 at 12:44
maybe, because Hawaii, though an Island State, is still under the scrutiny of US Banking Guidelines and Laws?
granpa.usthai October 3rd, 2014 at 12:27
color plays an important factor also.
Red alert!
Orange alert!
Red alert!
Orange alert!
BLACK!!
OMG!
BATTLESTATIONS, BATTLESTATIONS!
ding, ding, ding,ding
THIS IS NOT A DRILL!
edmeyer_able October 3rd, 2014 at 14:14
I think they have a clue but are too stubborn to admit that a candidate can make a difference.
granpa.usthai October 3rd, 2014 at 12:24
FEAR: – our Hawaiian POTUS is black seems to working pretty well in the south.
NW10 October 3rd, 2014 at 11:31
Health care added 23,000 jobs in September, in line with the prior 12-month average gain of 20,000 jobs per month. In September, employment rose in home health care services (+7,000) and hospitals (+6,000).
But but but… Obamacare is a JOBKILLER!!!!!
edmeyer_able October 3rd, 2014 at 13:20
With the way Texas is handling this ebola case the health care segment will be adding tens of thousands of jobs when the next months numbers come out.
(((NW10,PATRIOT! ✓ᵛᵉʳᶦᶠᶦᵉᵈ))) October 3rd, 2014 at 11:31
Health care added 23,000 jobs in September, in line with the prior 12-month average gain of 20,000 jobs per month. In September, employment rose in home health care services (+7,000) and hospitals (+6,000).
But but but… Obamacare is a JOBKILLER!!!!!
edmeyer_able October 3rd, 2014 at 13:20
With the way Texas is handling this ebola case the health care segment will be adding tens of thousands of jobs when the next months numbers come out.
rg9rts October 3rd, 2014 at 12:14
The gopee will still deny it.
rg9rts October 3rd, 2014 at 12:14
The gopee will still deny it.
William October 3rd, 2014 at 12:37
Meanwhile over at the “I hope he fails” EIB network
William October 3rd, 2014 at 12:37
Meanwhile over at the “I hope he fails” EIB network
granpa.usthai October 3rd, 2014 at 12:47
Damn this POTUS has got one terrific smile!
and a record that shows Obamanomics is WORKING.
granpa.usthai October 3rd, 2014 at 12:47
Damn this POTUS has got one terrific smile!
and a record that shows Obamanomics is WORKING.
William October 3rd, 2014 at 12:51
I think it would be fun if everyone chose a 2008 rightwing prediction and post it.
I’ll start.
Obamacare will bankrupt the nation.
William October 3rd, 2014 at 12:51
I think it would be fun if everyone chose a 2008 rightwing prediction and post it.
I’ll start.
Obamacare will bankrupt the nation.
tiredoftea October 3rd, 2014 at 13:28
This could have happened three years ago, at least. I wonder why the economy didn’t produce these numbers sooner? Hmm, anybody, anybody, Boehner?
mea_mark October 3rd, 2014 at 17:58
They wanted to delay things as long as possible until a GOPer was president so they could take claim for the positive turn in the economy. Mitt was a failure though and the inevitable is now happening.
tiredoftea October 3rd, 2014 at 13:28
This could have happened three years ago, at least. I wonder why the economy didn’t produce these numbers sooner? Hmm, anybody, anybody, Boehner?
mea_mark October 3rd, 2014 at 17:58
They wanted to delay things as long as possible until a GOPer was president so they could take claim for the positive turn in the economy. Mitt was a failure though and the inevitable is now happening.
arc99 October 3rd, 2014 at 15:04
So where are all the Obama-haters? Have they not yet had time to have their meeting to figure out how to portray this as bad news? In a way, I kind of feel sorry for them. They have been so reliable at coming up with some explanation to educate us poor liberals on why apparent good news is in reality a sign of certain doom for our great republic. Really must suck when actual events contradict your BS to such an extent that even you realize, some new lies are needed.
Maybe they are taking extra time to come up with a more durable long-term strategy so that even if unemployment reaches 0% by 2016, Obama-haters will have a permanent explanation as to why any unemployment rate, including zero is a sign of catastrophe, unless Republicans are in control of the government.
majii October 3rd, 2014 at 20:27
Arc99, now, you and I both know that they’ll respond to this news the same way they’ve responded to the other good news about the unemployment rate—they’ll begin talking about how high unemployment is for Black Americans and how Obama hasn’t “done” enough to decrease it; that the BLS is “cooking the books” in Obama’s favor; and/ or that this number doesn’t reflect the “real” unemployment rate. These sh*t-for-brains- deniers of reality will never give this president credit for anything that’s good.
arc99 October 3rd, 2014 at 15:04
So where are all the Obama-haters? Have they not yet had time to have their meeting to figure out how to portray this as bad news? In a way, I kind of feel sorry for them. They have been so reliable at coming up with some explanation to educate us poor liberals on why apparent good news is in reality a sign of certain doom for our great republic. Really must suck when actual events contradict your BS to such an extent that even you realize, some new lies are needed.
Maybe they are taking extra time to come up with a more durable long-term strategy so that even if unemployment reaches 0% by 2016, Obama-haters will have a permanent explanation as to why any unemployment rate, including zero is a sign of catastrophe, unless Republicans are in control of the government.
majii October 3rd, 2014 at 20:27
Arc99, now, you and I both know that they’ll respond to this news the same way they’ve responded to the other good news about the unemployment rate—they’ll begin talking about how high unemployment is for Black Americans and how Obama hasn’t “done” enough to decrease it; that the BLS is “cooking the books” in Obama’s favor; and/ or that this number doesn’t reflect the “real” unemployment rate. These sh*t-for-brains- deniers of reality will never give this president credit for anything that’s good.
Dwendt44 October 3rd, 2014 at 16:30
Limpball and insHannity will swear up and down that the Labor Dept, is fudging the numbers so it looks good for November 4th. I wish their noses would grow when they tell lies like that.
Dwendt44 October 3rd, 2014 at 16:30
Limpball and insHannity will swear up and down that the Labor Dept, is fudging the numbers so it looks good for November 4th. I wish their noses would grow when they tell lies like that.
Obewon October 3rd, 2014 at 17:06
‘September 30, 2014 marks 55 consecutive months of private Jobs Growth -a new U.S. record!’ Creating 10 M+ Private Jobs since Feb, 2014 is ten-times greater than GWB’s 1.08 M private jobs 8 year total created.
“Over the past 3 months, payrolls growth has averaged +223k” and 5.9% Unemployment! 2014 is the best year for jobs growth since 1998.
Obewon October 3rd, 2014 at 17:06
‘September 30, 2014 marks 55 consecutive months of private Jobs Growth -a new U.S. record!’ Creating 10 M+ Private Jobs since Feb, 2010 is ten-times greater than GWB’s 1.08 M private jobs total created during all 8 years.
“Over the past 3 months, payrolls growth has averaged +223k” and 5.9% Unemployment! 2014 is the best year for jobs growth since 1998.