The increase in hiring fell well short of Wall Street’s forecast, exacerbated by a decline in employment at public schools. Economists polled by The Wall Street Journal had forecast 500,000 new jobs.
- What’s worse, the size of the labor force actually shrank by 183,000 in September and partly explains the large drop in the level of unemployment.
- The percentage of people in the labor force fell a tick to 61.6%, leaving it almost 2 points below its pre-crisis peak.
- One of the biggest problems the economy faces right now is enticing enough people to return to work. Many businesses lack sufficient staff to produce enough goods and services to keep up with demand.
- The tepid September jobs report adds to growing evidence the recovery has slowed, but it probably won’t deter the Federal Reserve from announcing plans soon to start to wean the economy off its easy-money strategy.
SOURCE: MARKETWATCH
Political | Process 
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