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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)
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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,...
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