It might sound surprising to some, but the economy still is not generating jobs, as this report explains:
U.S. employers shed more jobs in September than had been expected, according to two closely watched surveys, released Wednesday, that cast a shadow over the government’s official September jobs report, which is due Friday.
Private non-farm payroll employment fell by 39,000 jobs last month, according to the ADP National Employment Report. That was somewhat surprising, because the consensus forecast of mainstream economists had called for a gain of about 20,000 jobs.
The official job tally for September will be out this Friday — one final blow, I would predict, to Democratic incumbents. There may be liberals who still can’t fathom why voters don’t appreciate the “accomplishments” of this administration and Congress, but voters care almost exclusively about one thing: the revival of growth and job creation. The passage of multiple pieces of legislation, the run-up in the debt and the party-line vote on ObamaCare have been “accomplished,” but the voters — wouldn’t you know it — really don’t care about anything but results. And so long as the economy is in the doldrums, they aren’t going to be patting their elected leaders on the back.