The College Republican National Committee has seen the most recent jobs report and they are not happy.

Here’s an excerpt from a recent post on their blog.

Stagnation Nation

President Obama’s disastrous handling of the conflict in Syria has drawn nearly universal scorn and derision. But if his advisers are looking for even the thinnest of silver linings, at least it has drawn attention away from yet another disastrous jobs report.

The report, which is almost always the focus of at least one media cycle on the first Friday of every month, received none of its usual scrutiny this month. But with all eyes on the president and all ears tuned for conflict, nary a word was spoken about one of the most important issues to Americans: jobs.

The lack of attention is not exactly a surprise. At the end of the day the jobs figures can be summed up as “more of the same” – not exactly the kind of sexy storyline that puts eyes on TV screens. But nevertheless, the complete and utter economic stagnation following the recession is an important story that shouldn’t be ignored.

So just how bad was this jobs report? In a word, bad. Neil Irwin writes for the Washington Post:

Yes, the unemployment rate fell a notch to 7.3 percent, from 7.4 percent in July. Yes, the nation added 169,000 jobs, broadly consistent with the pattern of recent months.

But in almost all the particulars, you can find signs that this job market is weaker than it appeared just a few months ago, and maybe getting worse. The drop in the unemployment rate was caused by 312,000 people dropping out of the labor force. The number of people actually reporting having a job actually fell by 115,000 in the survey on which the unemployment rate is based.


 
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