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September 2015 Employment Misses Predictions by a Huge Amount October 2, 2015

Posted by geoff in News.

Wow – the street was expecting employment to increase by 203,000 jobs in the latest Employment Situation Report, but it only increased by 142,000. That’s quite a miss. “Unexpected,” I’m sure. The Household Survey actually showed a loss of jobs, but it looks they were mostly part-time positions.

Here’s the chart you’ve come to know and love over the past 5 years:

FullTimeEmpvsCivPopOct2015Not very impressive – we’ve been crawling sideways since last December. At this rate we’ll never regain the glories of the mid-00’s.


1. skinbad - October 2, 2015

I held up a straight-edge to my monitor. I don’t think anyone was watching. At this rate it looks like we’re about 15 years out from the glories of the mid-00s.

It wasn’t the most scientific estimate.

2. geoff - October 2, 2015

Sounds about right.

3. Retired Geezer - October 2, 2015

Fun Factoid: Skinbad has a 56″ monitor, the straightedge used was five feet long, like the bricklayers use.

4. skinbad - October 2, 2015

You should see the size of my T-square.

5. geoff - October 2, 2015

With this economy, he’s going to need a bigger monitor.

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