Thanks Barack… Employers Add a Meager 91,000 Jobs in September… Shed 115,730 Jobs
And, it looks like there is no relief in sight.
US firms added a meager 91,000 jobs in September.
US companies added a meager 91,000 jobs last month, private payrolls firm ADP said Wednesday.
In a monthly report the company said two percent more posts were created versus August, enough to beat economists estimates but not enough to remedy high levels of unemployment.
The number of jobs in the service and goods-producing sectors rose, while manufacturing jobs ebbed.
Small businesses added the bulk of the posts.
“Like August, this month’s jobs report continues to show modest job creation,” said Gary Butler, head of ADP.
Meanwhile, US companies announced plans to lay off 115,730 jobs.
Major downsizing moves at Bank of America and in the military contributed to the heaviest job-cutting in any month since April 2009, according to a report Wednesday from global outplacement giant Challenger, Gray & Christmas.
Employers announced plans in September to shed 115,730 workers from their payrolls, the report found. That’s 126 percent more than in August 2011 and triple the level in September 2010.