This is terrible: Only 51,000 new jobs were added in September.
By just about any measure, the last two years have been good for job seekers: since Sept. 2003, some 5.5 million new jobs have been created.
This might be the first time I’ve heard anything in the media about the past two years being good for job seekers. Apparently, it’s only good when it’s yesterday and today isn’t as good.
The unemployment rate dropped to 4.6%. Call me an optimist, but couldn’t part of the slowdown be because most of the good workers have decent jobs already?
Probably not, of course. We’re all doomed.