August private job growth outweighed by public job losses
Quick ReadThe private sector is considered the best gauge of a job market's health. And one local economist said the patient is still ailing.
Photo credit: AP | The job market is still very tight, but job seekers are still making the rounds as these women do in Southfield, Mich. (Aug. 25, 2010)
Despite big cuts in temporary government jobs, the nation lost fewer nonfarm jobs overall than expected last month - 54,000. And the private sector gained 67,000 jobs, the eighth straight month that that number has increased.
The modest pace of private-sector growth was not enough to overcome the loss of 121,000 government jobs that was mostly due to the layoff of temporary census workers,...
Reviving economy
LI people on the move! Promotions, new jobs
