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Date Posted: Friday, November 06, 07:49:12am
Author: Drummer
Subject: MaoBama FAIL: Unemployment Edges Toward 10 Percent

AP

WASHINGTON - The economy is rebounding from its deepest slump since the 1930s, but it probably won't seem that way when the government releases its monthly employment report on Friday.

Employers aren't expected to start adding jobs for several more months. Many are skeptical about the strength and sustainability of the recovery.

The nation's economy probably lost a net total of 175,000 jobs in October, pushing the unemployment rate to 9.9 percent, according to a survey of Wall Street economists by Thomson Reuters. The Labor Department report is scheduled for release at 8:30 a.m. EST.

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