US: employment turns recessionary |
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Overview : Non-farm payrolls fell by 159,000 in September following an upward revised decline of 74,000 in August. With the US economy in recession and a consistent trend in job losses, this confirms other employment dynamic signals. Despite widespread speculation concerning the effect of the recent hurricane on today's employment figures, according to the Bureau of Labour Statistics it is unlikely that the storm had any substantial impact on national employment estimates. The unemployment
Filed under: Fundamental
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