Obama Transforming America –Image: Andrew Luck@Twitter
(CNBC ) September’s jobs report was ‘significantly worse than expected’ 58% of the total 148,000 jobs gained were Truck Drivers, Bureaucrats, Sales Associates and Temps according to Tyler Durden at Zero Hedge. Personal income grew little during the past month, average hourly earns were up a paltry .03 cents with the average work week at 34.5 hours.
Women participated in the labor force at the lowest level in 24 years in September according to CNS News with 154,000 fewer Women in the labor force compared to the previous month–the number of Americans 16 years of age or older not participating in the nation’s work force climbed steeply in September to a record 90,609,000 an increase of 136,000 over the previous month. Despite all of the dismal economic news, the way the Obama Administration now calculates unemployment, the nation’s jobless rate fell to 7.2% or to the lowest since November, 2008
Related: The Big Takeaway From Sept Jobs Report: Economy is Stalling
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