7.9.07

Employers cut payrolls by 4,000

The latest snapshot of the employment climate, released by the Labor Department on Friday, showed that the unemployment rate held steady at 4.6 percent, mainly because many-people left the work force for number of reasons.

"I think a lot of businesses are moving to the sidelines to wait and see how things shake out," said Ken Mayland, president of ClearView Economics.

> Employers cut payrolls by 4,000 in August

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