That stock News

WASHINGTON--a wave of dismissals of Government in September has exceeded low employment in the private sector, on the payroll of the nation by a net total of 95,000 jobs.

The unemployment rate which is held at 9.6% last month, the Ministry of labour, has said he vendredi.Le unemployment rate now overcome by 9.5 percent for 14 months straight, the longest segment since the 1930s.

Private sector added 64 000 jobs, showing the lowest since June.

Hold Life.: it is cold comfort to the unemployed, but the average bottom of a job search more short. Life Inc.: study links pay women in Seattle Weatherizing House can monopolize the winter ConsumerMan: scamming of timeshare owners

Total net also government jobs have been lost in September.Local governments cut 76 000 jobs last month, most of them teachers.It is the largest cutting by local communities in 28 ans.Environ 77 000 temporary jobs Federal Census and Governments hangar 7 000 jobs.

Reductions reflect the toll take the recession on the State and Governments locaux.Chutes values home budgets are just beginning to push local government tax revenues.Most of the State and local governments are required to balance their budgets, which means revenue drops require reductions in expenditure.

By 14.8 million people were unemployed month last .c ' is nearly 100,000 less than in August.

Speaking at an event press visited a small company of Bladensburg, Maryland, held Friday President Barack Obama pointed out the gains in employment industry in September, but he admitted that these gains was tempered by the State major and local government job losses.

"We must make all our possible to speed recovery," said Obama. "Yes, the trend line is moving in the right direction, but I'm not interested by the trend lines just Americans work hard behind."

The Government must explore new ways to help State and local governments that workers who provide essential services, he added.

"These ongoing layoffs of the State and local government... were still worse without the federal assistance than in the past 20 months, we have provided to States," said Obama.

Analysis of Moody, Chief Economist Mark Zandi said during an appearance on CNBC Friday that the "onus on Fed - hire and provide monetary easing" to stimulate economic growth.

The low employment growth likely force the Fed to take additional measures to stimulate the economy.Most economists expect the Central Bank of the month next to buy debt in an attempt to reduce interest rates and encourage more borrowing.

However, the Federal Reserve officials American could wait until December to take any decision to loosen monetary policy more if they feel that they need more clarity on the Outlook, St. Louis Fed President James Bullard said CNBC.

"We hit this sweet fix the economy, but it is not so sweet it is obvious that you need to do much now", said Bullard."It is still possible to argue that the economy will improve naturally in 2011."

Friday September jobs report is the final monthly jobs report before the Congressional elections mid-term .the report is likely to leave President Barack Obama in a precarious position: Democratic members of Congress will face voters over 9.5% unemployment.

Economists see little evidence that improves the situation of employment at any time soon.

"There is not much growth going on in the economy, which does not give employers although why hiring, said Nigel Gault, an economist at IHS Global Insight."

Job hunting still too long, but shorter

Gault said that it expects that the pace of job creation remain low for the rest of this année.Certains economists say that unemployment could top 10 per cent next year.

The economy grew at an annual rate of 1.7% during the quarter lean April - June .the most analysts believe that growth has been similarly weak for the July-September quarter.

Since the end of the recession in June 2009, the economy has increased by 3 percent, according to economists from Deutsche Bank .c ' is less than half the average of 6.5% pace in post-war recoveries.

Life Inc.: pay packets of women linked to their jump

Some encouraging signs for the economy emerged in Government reports published jeudi.Pour the fourth time in five weeks, fewer people requested ch?mage.Le benefits many people so fell to the lowest level since July.

And jobs in August for the month of the second right to $ 3.2 million.

But neither figure is strong enough to report large gains in employment .Employeurs announced 4.4 million jobs in December 2007, when the recession began.

"The data that we are witnessing [are] still conform to a resumption of very slow jobs," said Michelle Meyer, an economist at Bank of America Merrill Lynch.

The Associated Press and Reuters have contributed to this report.

View the original article here