U.S. sheds 95,000 jobs in September

08:08, October 09, 2010      

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The United States shed 95,000 jobs in September, and the unemployment rate was unchanged at 9.6 percent, the Labor Department reported on Friday.

The decline in nonfarm payrolls reflected both the departure of 77,000 temporary Census 2010 workers from federal government payrolls and a decline of 76,000 in local government employment.

Private sector payroll employment edged up by 64,000. The estimates of private sector job growth for July and August were revised up by a total of 36,000. So far this year, private sector has added a total of 863,000 jobs.

"This growth (in private sector) provides more evidence that the economy continues to recover, but we must do more to put the economy on a path of robust economic growth," Council of Economic Advisers Chair Austan Goolsbee said in a statement.

Nearly 8.5 million jobs have been lost since the start of the recession in December 2007, and economists don't expect those losses to be recovered any time soon considering the severity of the recession and the lackluster recovery.

"The rate of job growth is not as large as needed to bring the unemployment rate down quickly," Goolsbee conceded.

Payroll employment growth varied across sectors, with solid increases in leisure and hospitality, education and health services, and temporary help services. Construction employment declined, but is essentially unchanged since March, and manufacturing employment fell slightly after seven consecutive increases.

Source: Xinhua


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