October 22, 2013
Statement From LIA Chief Economist John Rizzo on Today's Job Report
By: Dr. John A. Rizzo
"Jobs growth was a bit weaker than expected, but still enough to lower unemployment slightly. Employers likely held back hiring in light of concerns about the shutdown and possible public default. Still, these results are consistent with modest improvement and, with the shutdown and debt ceiling crisis behind us, one may anticipate better jobs numbers going forward. It could have been worse. The economy seems to be weathering the storm over the shutdown and fears about a public default."