US: 95 000 jobs lost in September

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With job losses in the public sector of 159 000 far exceeding the 64 000 posts created in the private sector, the unemployment rate in the US stayed at 9.6% in September. This is the 14th consecutive month it has been over 9.5% while the ‘under-employment rate’ – people who have stopped looking for work or part-time workers wishing to find full-time employment – increased by 0.4% to 17.1% in September.