Another solid jobs report...

[Bugsy McGurk]

The record breaking streak of monthly jobs growth under Obamacare continues....

http://money.cnn.com/2016/10/07/news/economy/september-jobs-report-us-economy/index.html

 

[Arkady]

The record breaking streak of monthly jobs growth under Obamacare continues....

http://money.cnn.com/2016/10/07/news/economy/september-jobs-report-us-economy/index.html

It's really quite amazing. We have now had SEVENTY-TWO consecutive months of job creation. That would have been unthinkable before the Obama era. The prior all-time record in American history was just 48 months, so we've blown that one away by two and a half years already.

This also makes it unlikely we're heading into recession any time soon. Typically recessions are preceded by periods of weak job creation. We've averaged 192,000 jobs created over the last three months. The last four recessions were all preceded by quarters where job creation was half that or less. This is already the fourth-longest growth cycle in American history, and if we can make it through January without recession, we'll pass by the Reagan/Bush boom for the third-longest.