Economy adds just 103,000 jobs in September

This is more proof that President Obama’s policies are bad for the economy.  Before we breathe a sigh of relief that the number was over 100,000 remember that the striking Verizon workers account for 45,000 of that total.

About 103,000 net new jobs were created, more than experts predicted. But that didn’t affect September’s unemployment rate, which remained unchanged at 9.1% for the third straight month, according to the U.S. Labor Department.

The percentage of long-term unemployed, whose skills and prospects tend to atrophy as time passes, climbed to near-record highs. And the number of part-time workers who want full-time employment rose sharply to 9.3 million from 8.8 million in August.

When these so-called involuntary part-time workers are counted, along with people who have stopped looking for work because they have become too discouraged, the unemployment rate was 16.5% last month, up from 16.2% in August and 15.8% in May.

via the LA Times

U.S. job gains/losses, gains by sector

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