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.
and...
The jobless rate has now topped 9.5 percent for 14 straight months, the longest stretch since the 1930s.
Bambi is right. The recession is over. It is a depression now and he and his goons are to blame for it. |