Jobless rate remains at 9.1 percent
Employers added 103,000 jobs in September, keeping the unemployment rate at 9.1 percent. Employers have added an average of only 72,000 jobs in the last five months. The economy must create twice as many in order to keep up with population growth. The figures rebuff grim warnings from economists in recent weeks that the U.S. is headed for a double-dip recession. Many economist continue to be concerned over the growing European sovereign debt crisis, which President Obama said in a press conference on Thursday “could have a very real effect on our economy at a time when it’s already fragile.” Charlie Herman, economics editor for The Takeaway and WNYC, analyzes the figures.
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