Friday, October 8, 2010

News Alert: U.S. Economy Lost 95,000 Jobs in September

Breaking News Alert
The New York Times
Fri, October 08, 2010 -- 8:38 AM ET
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U.S. Economy Lost 95,000 Jobs in September; Jobless Rate Steady at 9.6%

The United States economy shed 95,000 nonfarm jobs in
September, the Labor Department reported Friday, with gains
in private-sector employment outweighed by cutbacks in
government payrolls. The steep drop was far worse than
economists had been predicting.

While private companies added 64,000 jobs, total government
employment fell by 159,000. The unemployment rate, which
measures the percentage of workers actively looking for but
unable to find jobs, stayed at 9.6 percent.

The recovery that officially began in June 2009 has slowed
considerably in recent months, raising concerns about the
long slog the country will have to endure before the economy
finally starts to feel healthy again.

Read More:
http://www.nytimes.com?emc=na

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