Government layoffs lead to great job losses

WASHINGTON-a wave of layoffs of the Government in September outdated low setting in the private sector, pushing down of the nation wage and payroll net total 95,000 jobs.

The unemployment rate of 9.6 percent held last month, the Labor Department said Freitag.Die unemployment rate has now 9.5 percent for 14 straight months, the longest distance since the 1930s crowned.

The private sector 64,000 items added, the weakest showing since June.

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Net total 159,000 government jobs were lost in September.Local governments cut 76,000 jobs last month, most of you teachers.The largest section of the local governments in 28 Jahren.Rund is complete 77,000 temporary census of jobs and Governments shed 7,000 jobs.

The reductions reflect the toll the recession on State and local government budgets stattfindet.Sinkende values at home are only beginning to push down the local governments property tax revenues.Most State and local governments need to balance of their budgets which means that drops in revenue force cuts in services.

Last month were almost 14.8 million arbeitslos.Das is almost 100,000 less than in August.

Speech at a press event, when he, a small business in Bladensburg, MD., President Barack Obama toured Friday stressed the private sector job gains in September, but given that these gains have been tempered by significant State and local government job losses.

"We have to do everything we can to speed up this restoration," said Obama."Yes, the trend line is in the right direction, but I am not interested in trend lines, the hard-working Americans behind you."

The Government needs to explore State and local governments to keep workers who provide vital services, how you help, he added.

"These redundancies by State and local government..."Continuation worse, federal assistance would have been without that, we have deployed the States in the last 20 months, ", said Obama.

Mark Zandi, Chief Economist at Moody's analytics, said in an appearance on CNBC the "is up to the Federal Reserve - to engage and offer further relaxation of monetary" to promote economic growth.

Weak job growth will be likely to force the fed more steps to boost the economy.Most economists expect that the Central Bank to buy to try to be more borrowing lower interest rates and spur public debt next month.

However, fed officials to December before any decision to ease monetary policy, if you think you need more clarity on the Outlook could wait, St. Louis Fed President James Bullard said CNBC.

"We these soft patch in the economy hit, but it is not so soft that it is obvious that you have to do a lot," said Bullard."It is still possible to make the case obviously improve the economy in 2011."

Friday's September report is the final report of the monthly jobs jobs before the midterm Kongresswahlen.Der report is likely to leave President Barack Obama in a precarious situation: Democratic members of Congress will face voters with 9.5 percent unemployment.

Economists look at just a few indications that the situation the jobs anytime soon.

"There's just going much growth in the economy so that employers do not give much reason for the setting", said Nigel Gault, Economist at IHS global insight.

Job hunting still too long, but shorter

He said Gault expected that the pace of job creation for the rest of this year similar to weak bleiben.Einige say economists the unemployment rate could top 10 percent next year.

The economy grew a scant 1.7 percent annual rate in the April June Quartal.Die most analysts believe that growth was similar to weak in the July-September quarter.

Because the recession ended in June 2009, the economy has 3 percent, according to economist at Deutsche Bank gewachsen.Das, speed is less than half of the average 6.5 percent in postwar recovery.

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Some encouraging signs of the economy emerged in Government reports on Thursday ausgestellt.Zum fourth time in five weeks, less people applied for benefits when Arbeitslosigkeit.Die number that fell to its lowest level since July.

And rose in August for the second straight month to 3.2 million job openings.

But neither figure is strong enough, announced to big gains in job creation to signalisieren.Arbeitgeber 4.4 million job openings in December 2007 when the recession began.

"The data we see is [are] still consistent with a very slow recovery jobs", said Michelle Meyer, an economist at Bank of America Merrill Lynch.

The associated press and Reuters contributed to this report.


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