September jobs report: not quite as bad
The September jobs report comes out today; this month’s report carries some special weight. For politicians, it’s the last unemployment report Americans will hear about before the mid-term elections. For the Federal Reserve, it will affect policy when it meets in November: many expect a loosening of monetary policy based on how the economy is faring.
Overall though, economists are predicting the September report will not show too much change in unemployment figures. Businesses are still slow to hire, but layoffs are not rising. There may not be much in the way of job growth, and many, many Americans are still unemployed, but fewer people are losing their jobs.
Louise Story, finance reporter for our partner, The New York Times, talks about the upcoming jobs numbers and their economic and political implications.
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