U.S. Loses Jobs For Fourth Month
The US lost 95,000 non-farm jobs in September, surprising some analysts. The unemployment rate stayed steady at 9.6 percent. The US Department of Labor Statistics also adjusted the employment number for July and August down. Fifteen thousand more jobs were lost than originally thought.
The private sector added an anemic 64,000 jobs, the worst numbers since June, but local governments cut 76,000 jobs, mostly in education. That's the largest cut by governments in 28 years. Also, 77,000 temporary census jobs ended in September.
All told, 14.8 million people were out of work last month. Here's the full report.