- Equipment World - http://www.equipmentworld.com -
October jobs report: Hiring weak, unemployment high
Posted By Equipment World Staff On November 5, 2010 @ 1:11 am In Construction News | No Comments
The jobs report for October is expected to show hiring weak and unemployment still high, and the outlook for 2011 is still pretty bleak, according to a report from the Associated Press (AP) .
Economists expect the U.S.Department of Labor to report that employers added about 60,000 jobs in October, fewer than the 100,000 needed to keep pace with population growth — and far fewer than the 200,000 needed to start returning the 15 million unemployed Americans to work, the AP says in its report.
As a result, the unemployment rate is expected to remain 9.6 percent for a third straight month, according to the AP.
Article printed from Equipment World: http://www.equipmentworld.com
URL to article: http://www.equipmentworld.com/october-jobs-report-hiring-weak-unemployment-high/
URLs in this post:
 a report from the Associated Press (AP): http://finance.yahoo.com/news/Weak-employment-report-apf-1056168021.html?x=0&sec=topStories&pos=3&asset=&ccode=
Copyright © 2012 Equipment World -- Development. All rights reserved.