Another Weak Jobs Report Coming This Week?

Business

0  Updated at 9:40 am, October 1st, 2012 By: ABC Digital
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Comstock Images/Thinkstock(NEW YORK) — The economy this week is likely to be dominated by Friday’s September jobs report from the Labor Department.

The August survey was dismal, with just 96,000 jobs added by employers.

Some economists are looking for improvement in September, but the latest forecast from the Business Roundtable is gloomy.  CEOs of the group’s member firms were decidedly more pessimistic about hiring extra workers than they were in the last survey three months ago.

Despite the findings, many big businesses are still making record profits and most expect sales to grow in the next six months.

The two biggest sources of concern are the slowdown overseas and the fiscal cliff due to hit in 2013 when taxes will rise unless Congress acts.

Copyright 2012 ABC News Radio