As further proof that that socialist tyrant Obama is destroying the economy, the United States added 248,000 jobs in September, according to the Bureau of Labor Statistics. Unemployment fell to 5.9 percent — the first time it has been below 6 percent since July 2008, and more than 4 percent below its Bush Recession peak of 10 percent.
Aside from August, this year has been very strong with regard to job numbers. Aside from that one month, we have seen continual additions of more than 200,000 jobs — though August was not awful, either, with 180,000 people headed back to work.
The New York Times reports that,
Friday’s jobs report was evidence that the end of summer’s poor showing was merely a blip. Still, the nation’s output is far from lifting off the way many economists in the immediate aftermath of the recession predicted would be the case by now.
Instead, it is taking baby steps, slowly inching forward at a rate to which many economists and investors have become accustomed. With housing prices increasing and business investment showing strength, many analysts are optimistic that in the next six months the economy will get even stronger, as incremental as that may be.
“All the conditions for a strong recovery are in place,” said Robert Shapiro, co-founder and chairman of Sonecon, a financial consulting firm, in an interview before the report was released.
However, the road to recovery is still a rough one, according to the Center for American Progress, who pointed out “that the labor force participation rate, the share of the working-age population employed or looking for a job, has been declining since the end of the recession and is generally as low as it was in the late 1970s,” according to the Times.
“The labor market is much healthier today than at any point since the Great Recession,” said a report released by the think tank on Thursday, “but beneath the top-line numbers, it still has a long way to go before it returns to historically healthy conditions.”