http://www.washingtonpost.com/business/economy/solid-economic-data-point-to-strong-jobs-report/2013/09/05/2c7d8348-163f-11e3-804b-d3a1a3a18f2c_story.html?hpid=z1
The U.S. economy slowed in August, as employers added 169,000 jobs last month, according to a Labor Department report released Friday morning.
Though the unemployment rate fell to 7.3 percent, the numbers signal that looming fiscal fight in Congress, coupled with tension in the Middle East, may already be testing the resiliency of the recovery.An estimate of monthly hiring released Thursday morning by the human resources firm ADP clocked in at 176,000 jobs for August — a slowdown from the previous month, but still in line with the steady rebound this summer. Meanwhile, government data showed the number of people filing for unemployment benefits dropped to 323,000 last week. The four-week average for claims hit a six-year low.Mark Zandi, chief economist at Moody’s Analytics, said job growth has been “remarkably consistent” in recent months, with gains across a broad swath of industries and businesses. Zandi, who helped calculate the ADP estimate, noted that the increases came despite significant federal spending cuts and the rollout of health-care requirements for businesses.
but the republicans said the wheels will fall off the recovery, ObamaCares will bankrupt us, premiums will skyrocket, WHEN?
they claimed jobs down because people gave up and stopped looking, what is their explanation for lower claims, people got tired of financial help and gave up?
There are several potential pitfalls facing lawmakers over the next several months. Congress must agree on at least a short-term spending plan by October or risk shutting down the federal government.In addition, the nation may not be able to pay all of its bills unless lawmakers agree to raise the debt ceiling before it is reached in mid-October. House Speaker John A. Boehner (R-Ohio) has promised a “whale of a fight” and is likely to seek changes to President Obama’s signature health-care law in exchange for cooperation on the debt limit.“It’s hard to judge it in a normal way because the threat is irrational,” said Robert Shapiro, a former senior Democratic economic adviser who heads the advisory firm Sonecon. “It doesn’t really advance the self-interest of anyone.”
note again it's in congress's court, they will be the deciding factor as to what happens in our future, we know they are holding hostages again this time they want your health care back even though it's the law of the land how obnoxiously arrogant can they get?
why are they pursuing and irrational fight that benefits no one we say insanity is that enough, no we need to vote them out in Nov. 2014 and before tha we need DOJ countering the dirty tricks they use to insure their win, it didn't work last time but we cannot rest on our laurels and think it won't happen, they will double down we need to double down and a half, it is ours to lose.
