Unemployment Nears 10 Percent As Rebound Remains Slow

WASHINGTON - The economy may be rebounding, but it probably won’t seem that way when the government releases its monthly employment report this morning.
   
Employers aren’t expected to start adding jobs for several more months. Many are skeptical about the strength and sustainability of the recovery.
   
Fein Tool North America, a Cincinnati company that supplies auto parts manufacturers, has cut about 100 workers, or 33 percent of its staff. But Fein President Ralph Hardt says the company can still fill its orders by using more overtime shifts and temporary workers.
   
Hardt says he plans to slowly rehire once the economy picks up again.
   
Wall Street economists in a survey expect the government to report an October unemployment rate of 9.9 percent.

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