Oct 8, 2010 8:16 AM by Associated Press

Economy likely creating some jobs, but not enough

The final monthly jobs report before the midterm congressional elections is due out Friday and it's not expected to be very optimistic.

The report is likely to leave President Barack Obama in a precarious position: Democratic members of Congress will face voters with unemployment likely above 9.5 percent.

Economists estimate private employers added a net total of 75,000 jobs in September. But they expect that number to be offset by the loss of an equal number of temporary Census jobs.

Overall, economists expect no change in the nation's total payrolls.

The unemployment rate is projected to rise to 9.7 percent from 9.6 percent, according to a survey of economists by Thomson Reuters.

Economists see few signs that the jobs situation will improve anytime soon.


»Topics in this article

Most Popular

Top Videos

1 2 3 4