As predictable as the sun coming up in the east and Joe Biden saying something stupid:
Overall the economy is what it’s been for months and months: anemic.
Read the BLS report. They sure “found” a hell of a lot of jobs. Then there are the 600,000 people who had to take on part time work for economic reasons:
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) rose from 8.0 million in August to 8.6 million in September. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.
This isn’t a signal of an economic turnaround (the real unemployment rate — free from the politically-influenced messaging of the numbers — is almost 15 percent). But getting that number below 8 percent was the goal. Everybody knew it was coming, and damned if the BLS didn’t find a way to do it.
After the election, don’t be surprised when these numbers are revised downward big time.