The Corner

Jobs Report: Not Bad, Not Great

The payroll jobs report for September has arrived: 96,000 new jobs, which is below the consensus forecast. The unemployment rate, however, remains at a historically low 5.4 percent. Manufacturing jobs — about 15 percent of the economy — posted a loss of 18,000. Early on this is being called a weakness in the economy. Also, the August jobs number was revised lower to 108,000.

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