September’s Disastrous Jobs Report Signals That Inflation Is Here To Stay
American families are feeling the pressure from increased prices as worker shortages hobble supply chains and businesses. Massive federal spending will only make things worse. Q3 2021 hedge fund letters, conferences and more WASHINGTON, D.C. —This morning, the Bureau of Labor Statistics announced that only 194,000 jobs were added in September, as the labor market struggles to recover despite schools having reopened for in-person learning and government disincentives to work having come to an end. The overall unemployment rate fell 0.4 percentage points to 4.8%, as jobs growth fell far below ex...