Businesses Quick to Fire, Slower to Hire


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Published in The Wall Street Journal October 2, 2009 by Mark Gongloff

The labor market is expected to look marginally less terrible when the Bureau of Labor Statistics releases September employment data Friday. Economists think nonfarm payrolls shed 175,000 jobs last month, the lowest count since August 2008, though — with this week’s economic data — some worry the numbers could be worse. The economists think unemployment ticked up to 9.8% from 9.7%, the highest since 1983.

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