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Saturday, August 7, 2010

Snap analysis: July jobs show odd mix of bad news

From: Reuters

Snap analysis: July jobs show odd mix of bad news
http://www.reuters.com/article/idUSTRE6752KD20100806


Friday's employment report provided an odd mix of unpleasant surprises that add another question mark to the pace of economic recovery.

Companies cut back on temporary hires, a segment normally considered a harbinger of future hiring. Government jobs dried up much faster than anticipated and not just because it saw the end of short-term census jobs. . . .

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