He acknowledges the Congressional bickering in Washington has hurt the U.S. economy, but he says it has nothing to do with the job slowdown in September.
“The survey week for the data was the middle of September which was before the shutdown and the debt ceiling debate really heated up. So if we’re going to see anything related to the shutdown or the debt ceiling, it would probably be in October’s numbers," said Strain.
On the bright side, construction jobs rose by 20,000 suggesting the housing market continues to rebound. And government increased hiring by roughly 22,000 jobs last month.
Analysts expect more volatility in the job numbers when October’s employment report comes out - just a little more than two weeks from now.
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2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25