Washington (ap)-U.S. employment crisis may have eased slightly moderate hiring and dip in the fourth for the second consecutive months of strength the unemployment rate.
Hiring slowed in October, a. But the government says, employment growth in August and September far stronger than first thought.
The average pay when the last month of the growth. And the unemployment rate slightly decreased from 9.1% to 9%, because more people say they found the job last month. This is the first time since the July to drop rate.
Even so, the report recommended that President Obama might be facing any post-war President highest unemployment rate of voters.
The labor department said the economy added in October 80000 jobs. This is in four months, at least, less than the revision of the September 158000. The government revised, August and September data show that 102000 more jobs added.
Even so, the October mild employment growth is just enough to keep up with the pace of the population growth. About two times many needs to reduce the unemployment rate. Many employers would not provide more hands, until they see from the demand of consumer is stable.
Health consumer spending in July to September quarter at an annual rate of 2.5% of the key reasons for expanding economy, best in a year of quarterly growth. Consumer spending grew three times, from the spring, although new economic worries about a recession, in the stock market fluctuations.
But economists worry that summer consumer income not long lasting. On one hand, americans spend in the third quarter, even if they earn. They used their savings to make up the difference.
No more jobs and higher wages, consumer is likely in the next few months to cut spending. Consumer spending is very important, because it accounts for 70% of economic activity.
In the third quarter of the economy generated 130000 jobs every month on average, in the front three months of 97000. However, this is from 166000 in the first three months of this year.
The biggest change is August. Initially, the government says, employers, the month increased net employment opportunity to zero. The two times since adjustment, showed 104000 jobs added.
Data on Thursday raft provides a mixed economy and employment.
The government says, only the third time this year the number of people applying for unemployment relief fall below 400000. However, the application will need to the following 375000 down to signal continued employment growth. They have no, since February level.
Hire services company, employment of the working population of about 90% in October, last month after cutting than the employment opportunities, according to the institute of supply management survey. Service industry as a whole grew mainly from September's slow pace of the same.
The company has ordered in September for the third consecutive months of factory goods. The occurrence of gain mainly because enterprise for industrial machinery, computer and software. It's a sign in the recession, many companies are equipment investment, but not in the new employees.
The company has made their existing work force, but they were engaged. In a year and a half, in July to September quarter worker productivity rise. At the same time, labor costs down.
Higher productivity is usually a good thing. It can improve living standards, enable the enterprise to pay the worker not to raise prices and increase more inflation. But, if there is no strong and sustained customer needs, the company wouldn't hire.
The U.S. federal reserve chairman Ben bernanke said Wednesday, growth is likely to be "frustrating slow," the fed cut sharply after two years of economic forecast future.
The fed said the economy is likely to expand in 2011, no more than 1.7%. This is its June forecast of 2.7% down to 2.9%. The forecast of economic growth next year only 2.5% to 2.9%, less than its June low estimates that nearly one percent.
The federal reserve said it does not expect the unemployment rate lower than this year. And, it says the end of next year on average unemployment rate is 8.6%.




Other News:
Employers add 80K jobs, rate dips to 9 pct.
Chinese enterprises welcome overseas acquisition opportunities
Secondhand house owner face low price to buyers
Senate Republicans rejected Obama $60 billion infrastructure bill
Greece referendum: European and American markets, ＂free fall＂
With belly successful landing the captain as a heroe in Poland
The United States payroll data may make the price of gold non-farm in pressure
Obama in ‘Excellent Health’