
Last week the unemployment rate in the U.S. for September was released. It dropped in September (it was announced late incidentally, because of the government shutdown) to 7.2%. But the economy doesn't feel like things are getting better.
U.S. businesses added a modest 148,000 jobs in September, far short of the 180,000 analysts were expecting. Still, job gains were enough to lower the unemployment rate to 7.2 percent, the lowest in nearly five years. But, the first jobs report since the government shutdown suggests the U.S. economy may be losing steam.Concerns about the tepid U.S. recovery may be hurting the job market.
How many Recovery Summers does it take to actually equal a full recovery? The saying numbers don't lie is being overpowered by the Mark Twain saying "there are lies, damned lies and statistics." The economy is sputtering not flourishing. Businesses are retrenching in order to maintain profit margins. Sears is just the latest example.
I guess the message here is trust your senses, and not what you read or see in the news and certainly not what your government is telling you. Or at the very least, consider them before swallowing whole the official line of the Department of Labor.
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