Labor Economy


JOBS REPORT: The Labor Department said the economy lost 95,000 jobs in September.

JOB LOSSES: A wave of government layoffs in September outpaced weak hiring in the private sector, pushing down the nation's payrolls by a net total of 95,000 jobs.

WASHINGTON - There's no relief from the jobs crisis - for everyday Americans or lawmakers facing the midterm elections.

NEW YORK - The Dow Jones industrial average closed above 11,000 for the first time in five months Friday as hopes built that the Federal Reserve will take more action to get the economy going again.

The economy shed a net total of 95,000 jobs last month, as weak hiring by private employers wasn't enough to offset widespread government layoffs.
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