‘Weak' Jobs Report Precedes Bush-Kerry Debate | Jackson Free Press | Jackson, MS

‘Weak' Jobs Report Precedes Bush-Kerry Debate

Reuters reports more bad news for the Bush administration: "U.S. businesses added 96,000 jobs to payrolls in September, the government reported on Friday, a weaker-than-expected total that was expected to sharpen a presidential debate later in the day over the economy's direction. [...] The September job-creation total came in below Wall Street economists' forecasts for 148,000 new jobs. The department also revised down its estimate of August new jobs to 128,000 from 144,000 it reported a month ago. Most jobs in September came in the services sector, while manufacturers shed 18,000 jobs last month after increased hiring in the two prior months."

"Though four hurricanes swept through the Southeast during August and September, which Labor said likely held down employment growth, it concluded the impact was minimal. The Bureau of Labor Statistics commissioner, Kathleen Utgoff, said 'we do not believe the net result of...(the hurricanes) materially changes the national employment situation, but we cannot precisely quantify the weather effects.'

"Analysts described the jobs number as weak."

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