WASHINGTON, DC-It was a major talking point during the recentpresidential debate--thatunemployment has languished above 8% for months. Presidentialhopeful Mitt Romney will have to adjust that sound bite--though notdramatically--in the wake of the latest monthly jobs report issuedby the the Bureau of Labor Statistics.
While September's jobs tally was still relativelyanemic--the economy added 114,000 jobs this pastmonth--it did move the needle enough (0.3 percentage points) tocrack the 8% mark and rest at 7.8%. The main sectors to see growthwere health care, transportation and warehousing. There was littlemovement in most other major industries.
The 114,000 jobs added in September are better thanAugust’s 96,000 jobs—but only barely. This year hasbeen a disappointment, with employment growth averaging about146,000 jobs per month, compared with an average monthly gain of153,000 in 2011.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
