State of Business: Where the Jobs Are

A month of great expectations ended last week for the U.S. Labor Department, which had hoped that after ten dreary months the stubborn unemployment rate would finally show improvement. As the final September figures rolled in, those hopes were drowned in the waves of Hurricane Carla, which washed out so many farm jobs for the month that unemployment clung tenaciously to 6.8% of the labor force. But there were still enough healthy indicators to encourage a Labor Department prediction that joblessness will drop below 4,000,000 this month for the first time since October 1960: non-farm jobs hit a September...

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