Headline News: Economy

• Obama to address new economic ideas next Wednesday (Reuters)
  

  Reuters - President Barack Obama said on Friday he would outline new measures next week to boost the U.S. economy, but analysts were skeptical he would be able to deliver a big enough package to lift growth significantly.

  
  
  
• Despite hiring, US unemployment rate seems frozen (AP)
  

  AP - Unemployment is stuck at high levels even though some companies are hiring. The problem, government data show, is that too few jobs are being created for the growing number of people looking for work.

  
  
  
• Business Highlights (AP)
  AP - Companies add 67K workers, but jobless rate rises
  
• Economy 101: Jobless rate widens for black workers (AP)
  AP - When the unemployment rate rose last month, the pain wasn't spread evenly.
  
• Summary Box: Unemployment rate rises to 9.6 pct (AP)
  AP - UNEMPLOYMENT RISES: The unemployment rate rose to 9.6 percent in August from 9.5 percent, as the nation lost 54,000 jobs. Private employers added a net total of 67,000 workers, but 114,000 temporary census jobs ended.
  
• A rise in unemployment that is "about unchanged" (AP)
  AP - For most Americans, the most important information in the monthly unemployment report is whether the jobless rate rose or fell, and by how much.
  
• Payrolls data offer ray of hope for recovery (Reuters)
  

  Reuters - Employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery.

  
  
  
• Obama promises more stimulus as unemployment edges up (AFP)
  

  AFP - President Barack Obama promised a fresh slew of measures to boost the ailing US economy Friday after fresh data showed unemployment was again on the rise.

  
  
  
• Obama planning new package of economic aid (AP)
  

  AP - Eager to jumpstart the economy ahead of crucial midterm elections, President Barack Obama said Friday he intends to unveil a new package of proposals, likely including tax cuts and targeted spending, to spark job growth.

  
  
  
• A look at economic developments around the globe (AP)
  AP - A look at economic developments and activity in major stock markets around the world Friday:
  
• US services sector growth eases (AFP)
  

  AFP - Growth of the key US services sector fell to its lowest level in eight months in August amid a weakening economic recovery, a survey report said Friday.

  
  
  
• Summary Box: Service sector growth slows in August (AP)
  AP - GROWTH SLOWING: The Institute for Supply Management said its service-sector index fell to 51.5 last month from 54.3 in July. The number indicates growth for the eighth consecutive month but it was the weakest pace since January.
  
• Service sector grows at slower pace in August (AP)
  

  AP - The U.S. service sector, the nation's predominant job generator, expanded for the eighth straight month in August although the pace of growth slowed, according to a trade group survey.

  
  
  
• Broke youth anti-crime groups want federal cash (AP)
  

  AP - A $1.6 billion congressional bailout of sorts could help financially flailing groups that fight to keep young people out of trouble, yet lawmakers are reluctant to take up the expensive proposal amid a sour economy and other, more pressing issues.

  
  
  
• Obama: jobs data 'positive' but not enough (AFP)
  

  AFP - US President Barack Obama said better-than-expected jobs data released Friday was positive, but said it was not good enough as the economy struggles out of the deepest slump in decades.

  
  
  
• Top Obama critic blasts 'job-killing' policies (AFP)
  

  AFP - President Barack Obama should fire his top economic advisers and quit his "job-killing" policies, the top House Republican said after US unemployment jumped to 9.6 percent in August.

  
  
  
• Campbell Soup profit beats Street but sales light (Reuters)
  

  Reuters - Campbell Soup Co posted lower-than-expected quarterly sales and forecast sales growth for the new fiscal year below its long-term target as the world's largest soup company grapples with a weak economy.

  
  
  
• (AP)
  AP - Obama calls anew for Congress to pass legislation providing tax relief for small businesses.
  
• White House: August jobs report reassuring (Reuters)
  Reuters - The White House on Friday greeted a better than expected August employment report as reassuring news after a recent spate of "unsettling" economic data, and reiterated it was working with Congress to take additional steps to boost U.S. growth and hiring.
  
• Non-manufacturing sector slows in August: ISM (Reuters)
  Reuters - The U.S. non-manufacturing sector grew in August for an eighth straight month but at a slower pace than July and at a rate that was below expectations, according to an industry report released on Friday.