Weak US jobs data delivers blow for Bush
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President Bush&#39;s re-election hopes suffered a blow yesterday with news that the economy created just 96,000 new jobs in September, considerably fewer than expected.
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The US economy experienced another month of disappointing job growth in September, adding to the trend of lackluster hiring that has made this one of the weakest labor market recoveries in modern history.
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US job growth revived and the unemployment rate fell last month, the government reported yesterday, providing fresh ammunition for both presidential candidates as they debate
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The number of Americans with jobs fell for the first time in four years in August, as Friday's closely watched government jobs report came in much weaker than Wall Street forecasts.
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The latest batch of disappointing U.S. employment data highlights a gap between Wall Street's economic forecasts and the tough labor market facing nearly eight million unemployed Americans.
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The Bush administration, after being ridiculed by Democrats for an overly optimistic jobs forecast this year, on Friday significantly reduced its forecast for new jobs that will be created in 2005. It slightly boosted its estimate for overall economic growth.
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President Bush's plan to revive the U.S. economy was met with little enthusiasm as stocks extended their losses.
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Latest opinion polls have brought bad news for US President George Bush, placing him again in an electoral dead heat with Democratic challenger John Kerry.
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A gauge of US manufacturing fell this month to the lowest in more than a year, incomes lagged spending in September and home construction declined in the final economic reports before tomorrow&#39;s presidential election.
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The US economic outlook has suddenly darkened in the wake of data showing a stalling of the job growth machine, raising risks that a housing slump will lead to a full-blown recession, analysts say.
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The Bush administration expects revised data due on Friday to show the pace of job creation in the year leading up to March was much swifter than had been believed
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US economic growth will slow to 3.5 percent in 2005 from 3.9 percent this year, generating average monthly gains in payrolls of about 175,000 jobs, according to President George W. Bush&#39;s administration.
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As America went to the polls after a bitter campaign pegged partly on the economy, a report showed a still-troubled job market, where layoffs are frequent, hiring is hesitant and improvement has been maddeningly slow.
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US businesses added just 96,000 jobs to payrolls in September, the government reported on Friday, a weaker-than-expected total that was expected to sharpen a presidential debate later in the day over the economy&#39;s direction.
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President Bush says recent statistics showing a slight drop in the US unemployment rate show America&#39;s economy is strong and growing stronger.
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Hiring is picking up and President Bush is on track to preside over job growth in his second term, shedding the Herbert Hoover label of being the first president since the Great Depression to lose jobs under his watch. But don't expect a revival of the booming 1990s.
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The US economy added 144,000 jobs in August, dropping the unemployment rate to its lowest level in nearly two years and handing George W. Bush fresh ammunition to claim that life is getting better for Americans.