SOURCE: Industrial Info Resources

Industrial Info Resources

October 25, 2010 05:00 ET

Industrial Jobs Still Scarce but Cash Holdings Grow as All Eyes Turn to Elections, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - October 25, 2010) -  Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- The North American industrial economy ended the third quarter on a relatively weak note. U.S. unemployment held steady at 9.6%, the 17th consecutive month that unemployment has exceeded 9%. Private employers added 64,000 new jobs during the month, but government employers let 159,000 workers go during September, resulting in a net loss of 95,000 nonfarm jobs for the month, according to the U.S. Labor Department.

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