Articles

Employment numbers – read carefully and skip down

In Uncategorized on October 8, 2010 by reibroker Tagged: , , , ,

That’s right, you have permission to “skip down” to the last sentence in this clip – make sure you read the full article at Bloomberg because that’s where the details are made a little clearer. These are just snippets from there …

Amplify’d from www.bloomberg.com

Employers in U.S. Cut More Jobs Than Forecast in September

The U.S. lost more jobs than forecast
in September, reflecting a decline in government payrolls that
shows the damage being done by rising budget deficits.

Employers cut staffing by 95,000 workers after a revised
57,000 decrease in August, Labor Department figures in
Washington showed today. The median estimate of economists
surveyed by Bloomberg News called for a 5,000 drop. The
unemployment rate unexpectedly held at 9.6 percent.

Employers in U.S. Cut More Jobs Than Forecast in September

A job seeker, right, speaks with a consultant from Kelly Service Business Development, at the JobLink Career Expo in Raleigh, North Carolina. Photographer: Jim R. Bounds/Bloomberg

The jobless rate has equaled or exceeded 9.5 percent for 14
consecutive months, surpassing the 13-month period from mid 1982
to mid 1983 as the longest span of elevated joblessness since
monthly records began in 1948.

The so-called underemployment rate — which includes part-
time workers who’d prefer a full-time position and people who
want work but have given up looking — increased to 17.1 percent
from 16.7 percent.

Read more at www.bloomberg.com

 

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