UNEMPLOYMENT & REGULATORY COSTS - IAIN MURRAY & HANS BADER
CEI.org: Jobs Report Doesn't Tell Full Story, Regulations Still Prevent Real Jobs Growth
Unemployment fell below 8 percent for the first time in four years last month, according to the September jobs report from the Department of Labor. The economy gained 114,000 jobs in September, which helped lower the unemployment rate from 8.1 percent to 7.8 percent.
But, as CEI Vice President for Strategy Iain Murray pointed out, job numbers are almost always inflated this time of year because of holiday season hiring. And, as Senior Counsel Hans Bader noted, many people have given up on full-time employment and taken part-time jobs.
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