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US unemployment will rise unless jobs growth quickens, top economist warns
Unemployment is set to rise again in the US if the pace of jobs growth continues to erode, a top economist warned Wednesday. Mark Zandi, the chief economist of Moody’s Analytics and a former adviser to presidential candidate John McCain, made his comments as ADP, the giant payroll provider, said the private sector added 130,000 jobs from September to October. ADP revised September’s job gain down from 166,000 to 145,000. Moody’s helps compile the closely-watched poll. "The government shutdown and debt limit brinksmanship hurt the already softening job market in October. Average monthly growth has fallen below ... (full story)