US Needs Additional Stimulus Given Weak Job Market Recovery?
US unemployment rate held stable at 9.5% of total labour force in July, the same level as in June but off the peak of 10.1% in October last year, pointing to an improving job market, albeit gradually. Non-farm payrolls, on the other hand,
recorded a job loss of 131,000 in July, after a decline of 221,000 jobs in June, due to the dismissal of temporary census workers. The Census Bureau said it let go about 143,000 of the workers conducting the decennial population count from
mid-June to mid-July. It still had about 200,000 temporary workers as of 17 July, indicating additional cuts to come that will keep distorting the payroll figures for months.
Tracking The World Economy... - 09/08/2010
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