The last two recessions began when job growth edged down towards 1 percent and then swiftly dropped to zero and below. If we see a break point like this again, job growth could be negative in the next year.
Jobs in September were up 2.6 percent in healthcare, 2.1 percent in business services, 2 percent at restaurants, 1.2 percent in finance, and 0.8 percent in government. Retail jobs were down again. Although jobs were up in manufacturing and construction, both sectors continue on a downward trend - a negative indicator for the economy. And within business services, temp jobs - another bell-weather category - were up just 0.6 percent.
There's more bad news than good news here, because it's difficult to see how these negative trends will be reversed.