NEW YORK (CNNMoney.com) — The job market suffered another blow last month, as business hiring dwindled and the government continued to shed workers.
Overall, the economy lost a total of 95,000 jobs in September, the Labor Department reported Friday, far worse than expected and down from the previous month, when employers shed 57,000 jobs.
Government job losses, especially temporary census positions, have dragged down the overall number for several months. But in September, sweeping cuts by cash-strapped state and local governments accounted for more than half of the public sector losses.
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By Christopher S. Rugaber (AP)
WASHINGTON — More than half of U.S. states saw their unemployment rates rise in August, the largest number in six months, as hiring weakened across the country. The jobless rate increased in 27 states last month, the Labor Department said Tuesday. It fell in 13 and was unchanged in 10 states and Washington, D.C. That’s worse than the previous month, when the rate increased in only 14 states and fell in 18. It’s also the most states to see an increase since February.
Read AP article by Christopher S. Rugaber on Google News
Thank you President Obama, and the Democrats and Republicans in Congress, state and local government for making things so much better. Thanks for this amazing ‘change we can believe in.’ Assholes!
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From NPR.org:
In a speech yesterday, Christina Romer, departing chairman of Obama’s Council of Economic Advisers, wasn’t shy about how much economists don’t understand about the nation’s economy. It’s always refreshing to hear experts admit uncertainty — even if it’s a way to explain earlier predictions that didn’t pan out. Here’s Romer on how businesses’ responded to the recession:
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Lancaster County jobless rate jumps to 8%: happy days are here again.
August 31, 2010From an article by Tim Mekeel in the Intelligencer Journal/Lancaster New Era, Tuesday August 31 Like a boat bobbing in the ocean, the local jobless rate continued its recent up-and-down motion in July, rising to 8.0 percent. By increasing from June’s 7.8 percent, the countywide rate stayed in the same narrow range where it has been […]
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