Political Shenanigans in Reporting of September Labor Conditions
Were No Worse than the Standard Monthly Reporting Gimmicks

Below-Consensus Headline Gain in September Payrolls
Probably Was a Contraction, Net of Reporting Biases

Headline Annual Payroll Growth Held at a 31-Month Low

With Full-Time Jobs Down in September,
All the Household-Survey Employment Gain Was in Part-Time Jobs

September 2016 Unemployment Rate Changes Were Uneven:
U.3 Rose to 5.0%, U.6 Held at 9.7%,
ShadowStats-Alternate Rate Held at 23.0%

Annual M3 Growth Held Even at 4.3% in September 2016, versus August 2016,
While the Annual Decline in the Monetary Base Hit a Record