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U.S. Economy: Payrolls Decline More Than Forecast

The U.S. lost more jobs than forecast in September as local governments fired teachers and other workers in response to declining tax revenue.

Payrolls fell by 95,000 workers after a revised 57,000 decrease in August, Labor Department figures in Washington showed today. Private employers added 64,000 jobs, less than forecast. Wages and the workweek stagnated.