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Jobless report shows weak hiring numbers

The number of people seeking unemployment benefits last week stayed near a level that signals only weak hiring in September. Manufacturing shrank for a fifth straight month in the Philadelphia region, a sign that weaker global growth has hurt demand for American-made goods. And a measure of future economy activity declined for the second time in three months.

Published: Sept. 21, 2012 at 12:05 a.m. PDT
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The number of people seeking unemployment benefits last week stayed near a level that signals only weak hiring in September. Manufacturing shrank for a fifth straight month in the Philadelphia region, a sign that weaker global growth has hurt demand for American-made goods. And a measure of future economy activity declined for the second time in three months.

The data followed a poor month of hiring in August and the Federal Reserve’s move last week to launch new stimulus measures to give the hobbled recovery a jolt.

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