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Economy Sheds Jobs for First Time in Seven Years

October 6, 2017 No Comments

The U.S. economy lost 33,000 jobs last month, a decline that was probably attributable to Hurricanes Harvey and Irma, the Labor Department reported today. It was the first net monthly job loss since 2010. One hard-hit sector was food services and drinking places, which lost 105,000 jobs “as many workers were off payrolls due to the […]

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Job Growth Loses Steam in September

October 7, 2016 No Comments

The economy added on another 156,000 jobs last month, but the growth wasn’t particularly impressive. “Job growth is slowing, get used to it,” wrote IHS Global Insight economist Patrick Newport in an analysis. Recommend on Facebook Tweet about it

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Worrisome Numbers in September Jobs Report

October 2, 2015 No Comments

The government has released the initial jobs tally for September, along with revised jobs data for the previous two months — and the numbers don’t look very good. Last month, payrolls rose by 142,000 — well below the 200,000 median forecast in a Bloomberg survey. For July and August, revised employment numbers show 59,000 fewer jobs than […]

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Employers Generating Jobs at Strong Pace

October 3, 2014 No Comments

The latest government jobs report shows strong employment growth, with payrolls up by a whopping 248,000. In September, job growth topped economists’ predictions. The consensus estimate for payrolls was 213,000, according to IHS Global Insight. “This report is a relief following the disappointing August figures,” said Sophia Koropeckyj, managing director of Moody’s Analytics. Recommend on Facebook […]

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Delayed Jobs Report Shows Underwhelming Growth

October 22, 2013 No Comments

The employment report for September is finally out, and it reveals that job gains were well below economists’ predictions. Job growth for the month totaled 148,000, while the unemployment dropped from 7.3 percent to 7.2 percent. The consensus expectation was 180,000 new jobs, according to IHS Global Insight. Recommend on Facebook Tweet about it

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Employment Picture Brightens in September

October 5, 2012 No Comments

The nation’s unemployment rate fell to the lowest level in nearly four years, and the economy added 114,000 jobs last month, the government reported today. The jobless rate dropped from 8.1 percent to 7.8 percent in September. It’s a major political development for President Obama, because it’s the lowest level of unemployment since he took […]

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Unemployment Remains High in September

October 7, 2011 No Comments

Despite an increase in payrolls, unemployment remained at 9.1 percent last month. The high unemployment rate reinforces the need for Congress to approve President Obama’s job-creation plan, according to Katharine Abraham, a member of the White House Council of Economic Advisers. Recommend on Facebook Tweet about it

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Disappointing Report Shows More Job Cuts

October 8, 2010 No Comments

Millions of American job seekers are looking for encouragement from any place they can – but they won’t find much good news in the latest employment report. Last month the U.S. economy lost 95,000 jobs, a number that was worse than economists had predicted. And the nation is still reeling from high unemployment, with the […]

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Report Shows Weakness in Job Market

October 2, 2009 No Comments

The government released the September jobs report today, and the news is bleak. The unemployment rate was 9.8 percent, up from 9.7 percent the previous month, according to the U.S. Labor Department. The jobless rate has reached the highest point in 26 years. Job losses also increased. Nonfarm payrolls dropped by 263,000, compared to the […]

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