Saturday, October 9, 2010

Unemployment stays at 9.6% as schools, governments slash jobs + only part-time or lower-paying jobs + jobs aren't coming back + lasts longer for Asian Americans

[mEDITate-OR:
miss the stunning coverage by the LATimes...
Very good, for a company that is almost bankrupt.

Disirregardless, this coverage by the LATimes is broad and deep. And, provides U.S. with a few charts that no other newspapers have.

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Unemployment stays at 9.6% as schools, governments slash jobs
Hiring growth in the private sector weakened and the economy lost a net 95,000 jobs in September, the Labor Department says, as the nation's unemployment outlook remained dim in the final jobs report before the midterm elections.
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Millions can find only part-time or lower-paying jobs
Underemployed workers can't spend as much. Those individual hardships add up to a drag on the economic recovery.
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AMERICA OUT OF WORK
For many unemployed workers, jobs aren't coming back
The U.S. unemployment rate will remain elevated for years, experts say, a grim prospect for Americans who have exhausted their benefits.
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Unemployment lasts longer for Asian Americans
Unemployment is lower among people of Asian heritage, but it drags on longer.
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