{"id":3580,"date":"2010-10-08T10:01:04","date_gmt":"2010-10-08T14:01:04","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=3580"},"modified":"2010-10-08T10:01:04","modified_gmt":"2010-10-08T14:01:04","slug":"u-s-economy-loses-95000-jobs-in-september-unemployment-remains-at-9-6","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2010\/10\/08\/u-s-economy-loses-95000-jobs-in-september-unemployment-remains-at-9-6\/","title":{"rendered":"U.S. Economy Loses 95,000 Jobs in September, Unemployment Remains at 9.6%"},"content":{"rendered":"

Stagnation… That’s really the only way to describe today’s jobs report. The U.S. economy shed<\/a> 95,000 more jobs last month and the number of\u00a0 underemployed grew by 612,000<\/a>, and now stands at 9.5 million people:<\/p>\n

WASHINGTON (MarketWatch) \u2014 The U.S. economy lost 95,000 nonfarm jobs in September as local and state governments shed positions at a faster rate than the private sector was adding, the Labor Department reported Friday.<\/p>\n

The drop of 95,000 was much wider than the 8,000 decline expected by economists surveyed by MarketWatch, and the 57,000 jobs lost in August.<\/p>\n

The nation\u2019s unemployment rate remained steady at 9.6% as fewer new workers joined the labor market than in the previous month. Economists had expected a slight increase in the jobless rate.<\/p><\/blockquote>\n

Unemployment has now been above 9.5% for 14 straight months, as the Associated Press notes<\/a> that’s the longest since the 1930s.<\/p>\n

As a practical matter, with the mid-term elections just a month, this isn’t good news incumbent Democrats seeking re-election. They’re controlled Congress and the nation’s purse strings since January 2007 and what do have to show for it? I mean other than 14 months of 9.5% plus unemployment and a stagnant economy?<\/p>\n

Related<\/strong><\/p>\n