The official jobs report was released last Friday and this will be the last jobs report prior to the elections of 3 November. Gaining 661,000 jobs in the month of September was well below market expectations. However, the unemployment level still declined to 7.9 percent. Looking deeper into the report, we witness an increase of 345,000 permanent job losers, taking this to a total of 3.8 million. This now represents an increase of around 2.5 million since February. Another figure that helps to point out that this is a structural issue, is the increase in the number of long-term unemployed (over 27 weeks), up 781,000 to 2.4 million. While it is welcomed news of people being rehired (mainly), or finding new jobs, it must be stressed that the fiscal and monetary policies that have been enacted are temporary in nature as to their potency. Yet, their costs will be long-lasting. These longer-term negative effects is what gives The Kapital News concern. This is witnessed by two factors, 1) there are still 26.5 million Americans claiming some form of unemployment benefit, and 2) Congress, the White House, and the Fed are all discussing another $1.5-2 trillion spending bill. If everything was great, and a V-shaped recovery is well underway, then why the need for more spending? And recall, we don’t have the money – so we’ll print it – this is inflationary. This inflation is very much a part of the devastating costs associated with these fiscal and monetary policies. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Jobs #Bailouts #Unemployment #Debt #Inflation #Gold #Silver #USA #Liberty #Revolution #BananaRepublic #EndTheFed