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Sunday, August 28, 2011

Fears grow that August will show net loss in jobs picture – USATODAY.com

Fears grow that August will show net loss in jobs picture – USATODAY.com: At a time when the economy should be creating employment at a fairly steady pace, the U.S. actually may have lost jobs in August.

* Recruiters speak at a job fair in the James L. Knight Center on Aug. 23 in Miami, Florida.

By Joe Raedle, Getty Images

Recruiters speak at a job fair in the James L. Knight Center on Aug. 23 in Miami, Florida.

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By Joe Raedle, Getty Images



That disturbing trend could be made apparent next week when the government releases its monthly nonfarm jobs report. Some prominent economists think the report will show a modest decrease in jobs when the final tally is made for the turbulent month.

In an economy that is more than two years from the technical end of the recession, a drop in jobs now would be a disturbing sign.

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