Economy still sluggish despite a record number of job openings.
The Department of Labor released its monthly jobs report on Friday, which highlighted the slow recovery from the millions of jobs lost at the beginning of the COVID-19 pandemic in 2020. September saw the country add only 194,000 jobs. The report also showed that unemployment dipped from 5.2% to 4.8% due to job gains as well as 180,000 people giving up on finding a job.
September had the fewest number of new jobs added to the economy since December of last year when there was a net loss of jobs. Job gains did not rebound as expected after increased federal unemployment payments expired on September 6, suggesting that some workers who lost their jobs at the start of the pandemic may not be returning to the workforce.
As the Lord Leads, Pray with Us…
- For President Biden to seek God’s wisdom on the country’s economic recovery.
- For the Labor Department as officials assess and report job market data.
- For Americans who have become discouraged by the status of the economy.
Sources: AP, CNBC, Department of Labor
