<img height="1" src="https://www.facebook.com/tr?id=1556205978036170&ev=PageView&noscript=1" width="1"/>

Economics Professor Bill Seyfried Comments on Today's Jobs Report

October 7, 2011 - "At first glance, this morning's report looks OK — better than expected, but not strong," said Rollins MBA Economics Professor Bill Seyfried. "The good news is 137,000 new private sector jobs were added in September, though that includes the 45,000 Verizon workers who returned to work after a strike (so it's a 92,000 net increase in jobs). Also, August's numbers were revised upward to show a gain of 57,000 jobs (originally estimated at no change). Temp agencies added about 20,000 jobs in each of the last two months. An important gauge of the labor market, the index of aggregate hours worked, rose in September, more than reversing a decline from August and is now shows an increase for the quarter. Recent trends indicate that the economy is adding about 75,000 jobs a month. Unemployment remained at 9.1%. The bad news is that the broad measure of unemployment (U6) rose to 16.5% from 16.2% in August. Add it up and it continues to point to a sluggish economy rather than a recession."

Dr. Seyfried was also quoted in CNN Money's "The Buzz" article today: Not a Recession, But Who Cares?

Fill out my online form.
Interested in Learning More?
Please fill out the form below and download our FREE Program Guide.
We value your privacy
News and Resources

12

17

Alfond Inn Art Tour (12/17/2017)

Tours of the Alfond Collection of Contemporary Art on view at The Alfond Inn occur every Sunday...

12

17

A Classic Christmas (12/17/2017)

Saturday, December 16, 2017 | 2:00pm 6:00pm Sunday, December 17, 2017 | 2:00pm ...

Former Head of Siemens USA Named Executive in Residence at the Crummer Graduate School of Business

Read More

Energy and Geo-Environmental Executives Join Crummers Board of Overseers

Read More

Forbes Ranks Rollins College Crummer Graduate School #1 MBA Program in Florida

Read More