GEN members, this news article, which is shown here only in part, is a mix of good and bad news--but let's focus on the good and trust God for the rest. Note that they're saying that things are looking up!
Lynn
Companies add 67K workers, but jobless rate rises
By CHRISTOPHER S. RUGABER, AP
WASHINGTON — Private employers hired more workers over the past three months than first thought, a glimmer of hope for the weak economy ahead of the Labor Day weekend. But the unemployment rate rose because not enough jobs were created to absorb the growing number of people looking for work.
Companies added a net total of 67,000 new jobs last month and both July and June's private-sector job figures were upwardly revised, the Labor Department said Friday.
Stocks surged after the report's release but then fell back. The Dow Jones industrial average rose 64 points in morning trading and broader indexes were all up.
While the report hardly suggests the economy is out of danger, it's a reassuring sign after weeks of troubling data and comes after some encouraging economic figures in the past week.
Scott Brown, an economist at Raymond James, said he sees no sign of the country slipping back into recession.
"You're still seeing broad-based job gains. It's not strong, but it's positive," Brown said......
Associated Press Writer Erica Werner contributed to this report.
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