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Saturday, October 9, 2010

Happy days were here again...

Largest Cuts in Local Government Jobs in 30 Years
by David Rosnick

The economy lost 95,000 jobs in September -- 77,000 of which were temporary Census positions -- while the unemployment rate held at 9.6 percent. Including downward revisions in payroll employment for July and August, there are 110,000 fewer jobs than reported one month ago.

Though the overall rate of unemployment did not change in September, different populations were not similarly affected by employment changes. The employment-to-population ratio was unchanged at 58.5 percent. While white adults saw relatively little change in their EPOPs (-0.1 percentage points for men, 0.1 percentage points for women), the EPOP for black men aged 20 and over fell 0.5 percentage points in the month and 2.6 percentage points for African-American teens....

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