Today’s jobs report from the Bureau of Labor Statistics, much like the August report, shows a steady and consistent economic recovery, but with room for even stronger gains in certain areas. Employment rose by 194,000 and the unemployment rate dropped from 5.2% to 4.8%. Private sector growth was even stronger than those numbers indicate, with an increase of 317,000. But that growth was offset by a weak month in the government sector. The labor force participation rate is also hovering stubbornly at a basically steady 61.6%. To truly capture our full economic potential, that number needs to rise. Read more, click here.
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