KTRH Local Houston and Texas News

KTRH Local Houston and Texas News

KTRH-AM covering local news from Houston and across Texas.

 

September Jobs Report Surprises Economists

People from respective jobs with blank board and hands raised

Photo: GlobalStock / E+ / Getty Images

The U.S. economy added 336,000 jobs in September, nearly doubling projections. Texas economist Vance Ginn isn't sure he buys the numbers.

"There's a lot I think we need to take with a grain of salt because of the seasonal adjustments that are done over time," Ginn said.

Ginn says the Government is still giving us numbers based off of what happened in the past.

"We're still using a lot of the data from what happened in the shutdowns. There's a lot of what I would call garbage in and garbage out," he explained

The unemployment rate remained steady at 3.8%.

As for what this means in terms of interest rates, the next meeting of the Federal Reserve takes place at the end of the month.


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