Well, there is good news and bad news from September’s unemployment numbers. The bad news is that unemployment is still getting worse, but most people expected that. The good news is that the pace at which unemployment is worsening has reversed.

Bad a couple months, I made a prediction that this rate would decrease but we would still be seeing negative job growth. I was off the market a bit about how quickly the timing would work out but most of the analysis has played out so far.

“September’s employment decline was the smallest since July of 2008 and employment losses have diminished significantly over the last two quarters. Nevertheless, employment, which usually trails overall economic activity, is likely to decline for at least several more months, with losses continuing to diminish.“

Source: ADP National Employment Report (September)