Last Jobs Report before the midterms....and boy are the Democrats doing a great job recovering the economy....NOT!!!!! Vote Conservative Republican on November 2nd in only 26 days....or better yet vote Conservative Republican during early voting that starts 10/29....
Jobs Drop by 95,000 in September, Unemployment Rate Unchanged
Published October 08, 2010
Private companies added 64,000 new jobs in September but more government layoffs means a net loss of 95,000 jobs. The unemployment rate remained unchanged at 9.6 percent.
It was the fourth straight month of net losses due to dropping government payrolls and little hiring in the private sector.
A total of 77,000 temporary jobs for the decennial census were terminated last month. On top of that local governments cut 76,000 jobs in Septemember, mostly in the education sector.
The jobless rate has now topped 9.5 percent for 14 straight months, the longest stretch since the 1930s.
Nearly 14.8 million people were unemployed last month. That's almost 100,000 fewer than in August.
Analysts had predicted about 75,000 private sector jobs and a slight uptick in the unemployment rate.
Gallup issued a survey on Thursday that found unemployment, not seasonally adjusted, actually rose to about 10.1 percent in September, marked by a steep rise in the second half of the month that would likely not be measured in the government's unemployment report on Friday.
Gallup noted that part-time employment was down and underemployment remains persistent.
President Obama was expected to discuss the jobs report on Friday morning.
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