America, the numbers are finally in and have been counted. The Labor Department reported that employers added 148,000 jobs in September, below the 183,000 expected while the July and August data was revised higher by a total of 9,000. The Unemployment Rate fell to 7.2%, the lowest level since November 2008 due to people finding work and those who have fallen off the unemployment insurance rolls. The Labor Department reported that employment increased in construction, wholesale trade, transportation and warehousing.
President Obama spoke on the problems that plague the new Affordable Care Act yesterday saying that the online exchange to sign up for health care has been experiencing problems since it was launched on October 1. Administration officials said the new website, healthcare.gov, was overwhelmed by a large number of people signing up. The President said, "Nobody's madder than me about the fact that the website isn't working as well as it should, which means it's going to get fixed."
As the Stock markets hit new highs, it has reaped a fortune for CEOs around the country. Stock options doled out when Stock prices were low during the financial crisis have gone through the roof due to record high Stock prices. The top 10 biggest CEOs payouts have hit $4.7 billion, the largest ever recorded. If Stocks continue to rise, payouts will grow even larger.
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