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Sunday, October 03, 2010

Unemployment in U.S. Probably Rose as Recovery Can't Generate Enough Jobs - Bloomberg

Unemployment in U.S. Probably Rose as Recovery Can't Generate Enough Jobs - Bloomberg: "The jobless rate probably rose in September for a second month as the year-old U.S. recovery failed to generate enough jobs to keep up with a growing labor force, economists said before a report this week.

Unemployment climbed to 9.7 percent from 9.6 percent in August, according to the median estimate of 62 economists surveyed by Bloomberg News ahead of an Oct. 8 report from the Labor Department. The data may also show companies added 77,000 workers to payrolls, and total hiring stagnated amid cuts in government staffing as the decennial census wound down."

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