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The Washington Independent
The Washington Independent

Ominous Private Jobs Reports

On Friday, the government will release the September jobs report, and some economists are bracing for the worst: a decrease in overall private employment and an

Mitchel Nash
News
Last updated: Jul 31, 2020 | Oct 06, 2010

On Friday, the government will release the September jobs report, and some economists are bracing for the worst: a decrease in overall private employment and an increase in the unemployment rate, more evidence of a persistent stall-out in the recovery.

Two reports released this morning give fuel to those worries. Payroll processing firm ADP said private-sector employers cut 39,000 jobs last month, more than economists expected. In August, the private sector added 10,000 jobs. And a [separate report](javascript:__doPostBack('GridView1$ctl02$lnkSelect','')) (PDF) from outplacement firm Challenger, Gray & Christmas showed that private and public employers planned to cut 7 percent more jobs in September than in August, though both numbers were near historical lows.

More job cuts, and more planned job cuts. That demonstrates that employers remain loath to add on workers, given the economy-wide lack of demand. And it means the unemployment rate will remain high.

Mitchel Nash | Mitchel works for a high-tech telecommunication firm as a software engineer with vast experience and management skills. The company creates and provides technologies that help service providers provide high-quality voice and data services over broadband access networks while maximizing their network infrastructure investment. He is in charge of the production of the company's management software products as a senior software engineer. Mitchel has a B.Sc. in Computer Sciences from Tel-Aviv Jaffa Academic College.

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