Payrolls in U.S. Decline More Than Forecast on Teacher Cuts

The U.S. lost more jobs than forecast in September as local governments fired educators and other workers to make up for declining tax revenue.

Payrolls fell by 95,000 workers after a revised 57,000 decrease in August, the Labor Department said yesterday in Washington. Companies added 64,000 jobs, less than forecast, while the unemployment rate held at 9.6 percent.