Jobs Forecasters Got Schooled---Here's Why

The real disappointment in Friday’s employment report wasn’t how few jobs were added in September. It was how few people got back in the hunt.

The Labor Department reported that the economy gained a seasonally adjusted 194,000 jobs last month, well short of the 500,000 economists had expected. But that number came with caveats. First, there were upward revisions to previous months, with July and August adding a combined 169,000 more jobs than previously thought.

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Source:" WSJ "

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