HOUSTON, TX - If only it were so easy to get a job. The U.S. economy only added a mere 142,000 jobs in September. That`s 62,000 less the 204,000 analysts predicted.
There were also revisions to the August report, since the economy only created 136,000 jobs instead of the 173,000 originally reported. The Labor Department simply overestimated the numbers.
Good news though, the unemployment rate is holding at 5.1%, which is the lowest in seven years. That`s only because the number of employed Americans dropped almost at much as people looking for a job.
President Obama blames slowing growth abroad and global financial turmoil. Here in Houston, we blame low gas prices causing cutbacks in the oil industry.