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News

September Jobs Report Lower than Expected

March 22, 2016 04:52 am
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The Bureau of Labor Statistics released their September Jobs Report and the numbers were lower than expected. Nonfarm payrolls increased to 156,000, with the unemployment rate increasing to 5 percent. Economists had predicted 176,000 new jobs with an unemployment rate of 4.9 percent.

According to CNBC, Federal Reserve Vice Chairman Stanley Fischer said the numbers are “fully consistent” with a declining trend in unemployment, and the September Jobs Report was “pretty close” to a “Goldilocks” number.

A Goldilocks Economy is the happy medium between so hot that inflation occurs and so cold that a recession happens.

Resources:
http://www.cnbc.com/2016/10/07/nonfarm-payrolls-sept-2016.html
http://www.cnbc.com/2016/10/07/feds-fischer-jobs-report-close-to-goldilo...
http://www.investopedia.com/terms/g/goldilockseconomy.asp

Susan Reed ALL ARTICLES