September ble en dårlig måned for det amerikanske arbeidsmarkedet: 95.000 jobber gikk tapt. Det er slutt på stimuleringspakken og særlig lokale myndigheter sier opp folk i et omfang man ikke har sett på 30 år. Privat sektor greier ikke kompensere. Det blir ingen «rebound». Arbeidsledigheten har bitt seg fast rundt 10 %. Når skal børsene ta det inn over seg?

Companies added 64,000 jobs last month, after having added 93,000 jobs in August, the Labor Department reported Friday. But over all, the economy shed 95,000 nonfarm jobs in September, the result of a 159,000 decline in government jobs at all levels. Local governments in particular cut jobs at the fastest rate in almost 30 years.

“We need to wake up to the fact that the end of the stimulus has really hit hard on local governments,” said Andrew Stettner, deputy director of the National Employment Law Project. “There is much more of a slide in the job market than what we really need to clearly turn around.”

The recovery that officially began in June 2009 has slowed considerably, raising concerns about the long slog the country will have to endure to dig itself out of the deepest downturn since the Great Depression. Private payrolls have been growing throughout 2009 but at a rate too sluggish to keep up with people entering the work force, and not enough to make a dent in unemployment. The jobless rate remained unchanged last month at 9.6 percent.

The outlook for the rest of the year is equally discouraging, economists say. The length of the workweek has barely budged in six months, and the number of people working part-time because they are unable to find full-time work continues to climb. If employers are not giving more work to their existing employees, it may be hard to justify decisions to bring on additional staff.

Employment Picture Dims as Government Cuts Back

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