US employers likely added few jobs in September

The U.S. economy will likely show its fifth straight month of slight or no job making when the Government Issue its September employment report Friday another weak month would underscore the slowness of the economy and the risk of another recession.

Economists predict that employers added just 56,000 net jobs in September that isn't enough even to keep pace with people growth or minor the unemployment rate the rate is expected to remain at 9.1 percent for a third straight month, according to a survey of economists by FactSet.

The faltering economy has led many employers to decrease hiring the economy grew at an annual rate of just 0.9 percent in the first six months of the year since then, Europe's debt crisis and stock market decline have sensitive fears that the economy will move violently to grow enough to avoid a recession.

Obama's best jobs plan might be status quo

First, do no harm Economists say the mainly important part of the jobs plan President Barack Obama will unveil Thursday night is the renewal of two measures previously in place a cut in Social Security taxes and emergency aid for the without a job his new proposals, like spending more for transportation projects and cutting taxes for company that hire the unemployed, probably wouldn't add many jobs, they say not soon, anyway.

"These are not bold, new, big programs," says Nariman Behravesh, chief economist with IHS Global Insight, "You put the whole thing together, it's going to be pretty small, "The job market needs big help in August, the economy generate zero job growth and the unemployment rate is 9.1 percent, a level more typical for a depression than for a recovery in its third year.

For Obama, who also faces sinking endorsement ratings as he goes before a joint session of Congress and on national TV, the options are limited congress have to approve any new measures, and congressional Republicans be against new spending, "Anything that would be of a big enough size to in fact help the labor market is going to have trouble getting through Congress," says Michael Hanson, leading economist at Bank of America Merrill Lynch, "and anything that can get during Congress will be too small to be much help."

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GOP candidates slam Obama on US credit downgrade

The 2012 Republican presidential contenders contain roundly criticized President Barack Obama for economic policies they contend helped make the downgrade of U.S. credit by a major ratings agency but they've offered little of their own ideas to ease the current crisis, and analysts warn they could risk a backlash beginning voters frightened by the market turbulence and weary of partisan finger-pointing.

"Americans are exhausted with Washington's blame game and are craving any person who can provide legitimate answers on a pathway on getting out of this mess," Republican strategist Ron Bonjean said, "The Republican who can rise higher than and provide a platform of answers, a blueprint — that will set them apart beginning the rest of the pack."

The Dow plunged 634 points, or 5.5 percent, Monday behind Standard & Poor's announcement late Friday that it have downgraded U.S. credit from AAA to AA+, Obama stepped before cameras through the market sell-off Monday, pledging to work with a bipartisan committee of lawmakers to seek further deficit decrease and to develop policies to reduce the stubbornly high 9.1 percent unemployment rate.

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Stocks turn lower as optimism about jobs fades

A stronger jobs report wasn't enough to quiet financial markets or stem concerns that the debt crisis in Europe can threaten the fragile U.S. economy the Dow Jones industrial average was losing nearly 130 points in midday trading Friday.

Investors are increasingly concerned regarding the economy in the U.S. and abroad. Among the issues: The building financial crisis in Europe, hiring in the U.S. that is too measured to significantly lower the unemployment rate; anemic enlargement in manufacturing, the service sector and a decline in consumer spending; and the belief with the aim of the government has might not do more to stimulate the economy.

European leaders contain interrupted their summer vacations for emergency meetings. They are trying to craft a plan that would avoid Italy or Spain from becoming the latest countries in the region to require large-scale financial help the two countries contain Europe's third and fourth largest economies. But European leaders and central banker’s strength not have the cash needed to prop them up until a larger financial rescue support can be established by a broader group of financial leaders.

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