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U.S. Economy Lost 54,000 Jobs in August
 [WSJ] 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. Asking themselves "How is this going to make us more competitive?" every time they consider a measure would be a good start. But the pols "debating" aren't real fond of business that's not located on Wall Street. Posted by: Fred 2010-09-04 |
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