Zerohedge noticed something weird about 20-24 year old employment. Basically, going back to 1980 20-24 year old employment in September has decreased ever year, except for this year. And even if you look at seasonally adjusted data that number decreases almost every year and when it increases it only increases slightly. In fact this years seasonally adjusted employment status for 20-24 year olds is a larger increase than the increase from 1980-2011 combined.
1980-2011 = 82,000 20-24 year old, seasonally adjusted, jobs created in September.
2012 = 368,000 LINK
ETA: Of the years with gains in September there was an average of 78k.
Losses averaged 102k.
Oh Ben Bernanke referred to the job market as a "grave concern" which is why he wanted to start QE3. Quite an economic turnaround in the 18 days since QE3 has been in effect.
This post was edited on 10/5 at 5:49 pm