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October 22, 2013

Continued Stagnation

Topics: Political News and commentaries

September jobs report shows only 148K net jobs added and the civilian labor force participation rate remaining at its 35-year low. The jobless rate declined to 7.2%, but that's not coming from any increase in employment, rather from more people dropping out of the workforce.

Any way one chooses to look at it, the jobs report points to continued stagnation, As a CNBC analyst aptly sums it up, today's 'blistering jobs report' has quickly reminded America that our economic problems are getting worse, despite talking point reassurances from Federal Reserve officials'.

And for you folks that foolishly believe in the 'recovery' ... you surely do not want to look at this chart.

Posted by Hyscience at October 22, 2013 10:10 AM

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