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UNCERTAINTY KEEPS HIRING, ECONOMY SLUGGISH

U.S. election, crisis in Europe, potential fiscal cliff stop employers from adding jobs

Jonathan Horn, U-T SAN DIEGO

Sunday, September 9, 2012

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“The August jobs report clearly reflects an ongoing lousy job market and sluggish economy,” said Kelly Cunningham, economist at the National University System Institute for Policy Research. “At this stage of economic ‘recovery,’ we should be adding well over 200,000 jobs per month, and upwards of 300,000 to begin making a dent in the nation’s high unemployment. The August report is far below where it should be at this time of year.”