US Sees 95,000 jobs lost in September

Monday, October 11, 2010

WASHINGTON - The US economy lost another 95,000 jobs in September, as public sector cuts outpaced hiring by the private sector.

According to the Labor Department figures, the fall was almost double August's 54,000 job loss number.The jobless rate held at 9.6%, but still marks the 14th straight month it has been above 9.5%.

The jobs news sent stocks slightly higher after raising expectations the US Federal Reserve will take further action to pump money into the economy.

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