The actual jobs part of
the September jobs report wasn't the only thing that
House Speaker John Boehner failed to address in his statement about the jobs report. Here's
something else from the report that Boehner didn't—and probably won't ever—talk about.
"Woo hoo," was TD Ameritrade Chief Strategist JJ Kinahan's response to the report. He pointed to the futures market's positive reaction asking, "How could it not be after last month's disappointing numbers?" He would like to see the S&P finish the day above 1,950 points, making up for some of the decline seen earlier in the week.
The jobs adds, says Kinahan, were in the right places with three of the four sectors with the strongest growth—business services, construction and health care—being areas where people can have careers and not just short term jobs. Career creation is the second tier in what Kinahan sees as a three tier labor market recovery process: job creation, career creation and then wage growth.
Get that—long-term careers in health care are being created, 23,000 of them in September, in fact. Gee, I wonder what could have happened to create such a surge in good, career-building healthcare jobs? It sounds very familiar, maybe starts with an "O"?
So maybe it's not a job killer after all? Obamacare is working, and it's helping America get working. And all that Republicans have given us in response is repeal.
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