At first glance, the numbers don't make a lot of sense. Not many new jobs but the rate of unemployment drops from 8.1% to 7.8%. Hmmmm?
Here's one possible takeaway. If we could just get everybody without a job to quit looking for a job, the rate of unemployment would be ZERO.
Speaking of interpreting the numbers, my old boss Jack Welch has a different take (perhaps tongue-in-cheek?) in Jack Welch tweets conspiracy theory over better-than-expected jobs number:
"Friday’s better-than-expected jobs report sparked stock futures and conspiracy theories.
The U.S. added a scant 114,000 new jobs in September, but the unemployment rate fell below 8% for the first time since President Barack Obama took office in a potential jolt to the election....
The jobs report also prompted a tweet from former General Electric boss Jack Welch, who appeared to accuse the Obama administration of cooking the books:
More to come later.