The Patriot Post® · 248,000 Jobs Added in September

The U.S. economy added 248,000 jobs in September, and the headline unemployment rate fell to 5.9%. The real story is that 315,000 people left the workforce, and labor force participation ticked down again to 62.7%, remaining at levels not seen since the Carter-era recession. That’s why the unemployment rate is falling. The U-6 unemployment rate, a better measure, sits at 11.8%. That said, the report contains some good news: The August report was revised up from 142,000 jobs created to 180,000, and CNBC notes, “The job creation [in September] was tilted heavily towards full-time positions, which surged by 671,000. Part-time jobs actually fell by 384,000.” Furthermore, writes National Review’s Patrick Brennan, “248,000 jobs in September is still not as fast as we’d like a recovery to be, but it’s noticeably more jobs than need to be created to keep up with population growth, and the past eight months have been a faster average period of job creation than any comparable time during this recovery.” The American economy is resilient enough even to face the headwinds of Barack Obama’s “recovery.”