por admin » Vie Sep 03, 2010 7:44 am
El sector privado creo 67,000 empleos!!!!
U.S. Employers Cut 54,000 Jobs
Unemployment Rate Rises to 9.6%; Private Companies Added 67,000 Jobs in August
By TOM BARKLEY and VICTORIA MCGRANE
Job seekers in Denver waited in line for a career fair to open Sept. 2, 2010.
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WASHINGTON -- Job losses continued to mount in the U.S. economy last month, though at a more modest pace than expected, putting further pressure on policy makers to take action to spur growth and employment.
Nonfarm payrolls fell by 54,000 last month, matching the level of revised losses recorded the previous month, the U.S. Labor Department said Friday. The revision in July layoffs to 54,000 followed an original estimate of a 131,000 drop in payrolls.
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.The U.S. economy has shed jobs for three straight months, though the losses in August were about half the 110,000 predicted by economists in a Dow Jones Newswires survey.
The unemployment rate, calculated using a separate household survey, edged up to 9.6%, as expected, after holding at 9.5% for previous two months.
The report is likely to cause renewed debate during the long Labor Day weekend over what new steps the Federal Reserve and Congress should consider to jump-start the job market.
Last month, the Fed moved to stop any premature contraction in its balance sheet, effectively taking its foot off the brake pedal by reinvesting proceeds from any maturing mortgage securities into Treasurys.
While the central bank has held off on stepping on the gas--either by resuming asset purchases or other unconventional measures--Fed officials expressed concern during the Aug. 10 meeting about the sluggish labor market and debated potential causes.
Fed Chairman Ben Bernanke declared his readiness a week ago to pursue further moves if "unexpected developments" derail the economic expansion. The "painfully slow recovery" in the jobs market was a central policy concern, he said, given the risks it poses to consumer confidence and the broader economy.
President Barack Obama, who has pushed Congress to support more job-creating measures, plans to speak Monday at the Milwaukee Laborfest. In addition to a small business bill languishing on the Hill, the administration is coming up with new ideas to promote job growth.
The report Friday showed that private sector hiring wasn't enough to offset cutbacks in job losses in the government, which continued to let go temporary workers hired for the 2010 census.
Private-sector companies added 67,000 jobs, following an upwardly revised 107,000 gain in July.
Manufacturers shed 27,000 jobs, after adding 34,000 the previous month.
Professional and business services payrolls rose 20,000. Construction, a sector of the economy that has struggled, added 19,000 jobs, as well.
Total government employment, which includes state and local jobs, fell 121,000. The declines were a result not just of the letting go of 114,000 census workers, but also job cuts by state governments facing budget pressures.
In a positive sign, the report showed 42% of unemployed Americans were out of work for more than six months in August, down from 45% in July. It becomes harder to find a job as time goes by, as skills are lost and employers may view long periods of unemployment with suspicion.
An indication of slack in the market, and thus potential inflation pressures, moved slightly higher. Average hourly earnings of all employees increased by $0.06 to $22.66 in August. The average workweek was unchanged at 34.2 hours.