The News Courier in Athens, Alabama

State and Nation

October 11, 2012

U.S. jobless claims fall to 339,000, fewest in four and a half years

(Continued)

A separate survey of businesses showed that employers added only 114,000 jobs in September. That's generally enough to keep pace with population growth but not enough to rapidly bring relief to more than 12 million who are unemployed.

Hiring over the summer was stronger than previously estimated. The economy gained an average of 146,000 jobs a month in the July-September quarter. That's more than double the monthly pace in the April-June quarter.

Another report Wednesday suggested hiring will likely remain modest. Employers posted slightly fewer open jobs in August compared with July, the Labor Department said. It was the second straight monthly drop and the fewest openings since April.

A key problem is the economy is not growing fast enough to generate much hiring. Growth slowed to a tepid annual rate of 1.3 percent in the April-June quarter, down from 2 percent in the previous quarter. Most economists see growth staying at or below 2 percent in the second half of the year.

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