September’s jobs report was delayed due to the government shutdown, but by most accounts it wasn’t worth waiting for. “Maybe the federal government should have stayed shut down,” writes Jim Pethokoukis, noting that job growth was “unexpectedly” weak, with nonfarm payrolls increasing just 148,000. Isn’t a poor report always unexpected?
https://twitter.com/ezraklein/status/392644731945385984
Unexpectedly RT @thehill September jobs report disappoints http://t.co/U00eELisv1 by @VickoftheHill
— Monica Crowley (@MonicaCrowley) October 22, 2013
Another poor jobs report, discouraged workers still staying home: http://t.co/kxhgwLRnG7
— Steve Forbes (@SteveForbesCEO) October 22, 2013
A few good bits in a pretty bad jobs report http://t.co/kYiMGQPoyz
— The Daily Beast (@thedailybeast) October 22, 2013
"September’s Delayed Employment Report Shows Economy was in Mediocre Condition Just Prior to the Shutdown" – IHS Global Insight
— James Pethokoukis (@JimPethokoukis) October 22, 2013
So, the jobs picture went from mediocre to mediocre. For perspective, Pethokoukis calculates that at 143,000 jobs a month, “it would take until 2022 — eight years and 10 months — before the job market returned to pre-Great Recession levels.” That’s if momentum stays steady.
Jobs data suggest the bigger problem isn't part-time employment but long-term unemployment
— James Pethokoukis (@JimPethokoukis) October 22, 2013
JPMorgan: "at 19.0%, the part-time share of overall employment remains high but is very gradually trending down"
— James Pethokoukis (@JimPethokoukis) October 22, 2013
Monica Crowley has her suspicions why the economy might be stalling.
Gee, wonder why… #Obamacare #ObamasAmerica –> "The Big Takeaway From the Sept Jobs Report: Economy Is Stalling" http://t.co/wGjGGdauOX
— Monica Crowley (@MonicaCrowley) October 22, 2013
Rep. Nancy found “some progress” in the numbers, but more work to be done.
The jobs report, while offering some progress, proves we cannot afford to wait any longer to create jobs and strengthen the middle class.
— Nancy Pelosi (@SpeakerPelosi) October 22, 2013
She manages to do that a lot under the Obama administration, month after month, year after year.
Jobs report shows some progress, but we need more growth. Instead of 40 votes to repeal ACA, Rs should offer at least 1 vote to create jobs.
— Nancy Pelosi (@SpeakerPelosi) August 2, 2013
Today's jobs report is small step in the right direction. But more needs to be done. GOP decided to head home rather than take action.
— Nancy Pelosi (@SpeakerPelosi) August 3, 2012
The jobs report makes clear we have more work to do for the middle class. Yet GOP won’t offer jobs plan, just tax breaks for millionaires.
— Nancy Pelosi (@SpeakerPelosi) June 1, 2012
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