While analysts expected the jobs report to indicate 215,000 new jobs had been created in Sept., following the tepid 142,000  in August, the government says 248,000 new jobs were realized in September, more in line with the previous six months (before August) of job growth above 200,000. In addition, according to CNNMoney, the unemployment rate fell to 5.9 percent, the lowest number since July 2008. Job growth was strong in professional and business service, and the construction industry accounted for 16,000 new jobs. While critics of the administration claim the falling unemployment rate is due to people who have quit seeking work, the fall from a 7.2 percent unemployment rate one year ago would indicate otherwise. However, average hourly earnings are up just two percent in the last year, only a little ahead of inflation, which as MHProNews understands, may be insufficient to sustain a full housing recovery: If incomes remain flat, the millennials with loads of student debt currently living in their parents’ basements will not be able to afford homeownership. ##

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