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Some bright spots in a gloomy US jobs report

Holly Cook, 06/11/09 16:23

Revised data from August and September show fewer jobs lost in those months, and temporary-help trends are encouraging, says Morningstar's Bob Johnson

Stock markets on both sides of the Atlantic have reacted negatively to figures released Friday showing US unemployment has breached the 10% mark, as correctly predicted by Morningstar's Bob Johnson in a video published ahead of the labour report.

In this latest video, Bob Johnson, Morningstar director of economic analysis, highlights for Morningstar.com editor Jason Stipp some key bright spots in the otherwise gloomy monthly report.

Transcript not yet available; please check back soon.

From the Bureau of Labor Statistics Report:

"The change in total nonfarm payroll employment for August was revised from -201,000 to -154,000, and the change for September was revised from -263,000 to -219,000."

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