Due to the government shutdown, the all-important Jobs Report was delayed from October 4th to October 22nd. While the delayed report showed the unemployment rate dropped from 7.3% to 7.2% and average hourly earnings up a bit, the other numbers were disappointing.
Private sector jobs grew 161 thousand in August and were expected to grow 180 thousand in September. Instead, they only grew 126 thousand. The anecdotal reports were that hiring decreased during the month as the fiscal cliff of September 30th approached, obviously a response to increasing possibility of a government shutdown.
I could die happy if I never hear another politician piously mouthing “jobs, jobs, jobs.” If I needed a job, I would be angry at all politicians, and I would be justified. Politicians are not job creators but job destroyers.
Mommies, don’t let your babies grow up to be . . . politicians!