The day we’ve all been waiting for is finally here. No, unfortunately Friends didn’t announce a reunion, but after a government shutdown-induced delay, we finally got our hands on the BLS’ September jobs report this morning.
As you know, we read dozens of news reports and scour the web following each month’s jobs report and break it down to three key talking points for you. So whether you’re taking a break at the office water cooler or conversing with peers in the industry, you’ll have three conversation starters in your pocket.
Here’s today’s big news:
- U.S. employers added 148,000 jobs, trailing behind expectations. Many economists predicted that employers would add about 180,000 jobs in September. So they probably just settled for OJ instead of champagne this morning.
- The unemployment rate is at its lowest since 2008. That’s right, the unemployment rate dropped from 7.3 percent to 7.2 percent in September, which is the lowest it has been since November 2008. Many online reports claim this IS in fact a piece of good news (you know how skeptical everyone is) because 73,000 people joined the labor force.
- Overall, no one’s throwing a party over the employment situation. According to a CNNMoney article, economists called today’s report a “mixed bag,” “underwhelming” and “disappointing.” Similar sentiments are echoed by other online news reports that would seriously give McKayla Maroney a run for her money.
Follow us on Twitter @CBforEmployers and live tweet with us starting at 8:30 a.m. EST on the first Friday of every month as part of #JobsFriday.
Did you miss the last jobs report breakdown? It’s never too late to catch up on some reading.
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