The U.S. economy needs to grow by at least a 2.5 percent annual rate, with payrolls expanding by around 125,000 positions a month, just to keep the jobless rate from rising.Health care and social services payrolls increased by 40,800 jobs, construction added 26,000 workers -- possibly due to rebuilding after Hurricane Irene -- and temporary employment rose 19,400. Temporary hiring is sometimes seen as a harbinger of permanent hiring.
But manufacturing, which has been the pillar of the economy, shed 13,000 jobs, the second straight monthly decline.
Prospects for the nation's 14 million unemployed remains grim.
NOTE: To share or email this 'Specific' article, you must click on the Title of the article.
No comments:
Post a Comment