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Published: Oct 03, 2008 12:30 AM
Modified: Oct 03, 2008 05:15 AM

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EMPLOYMENT DROP MAY BE 100,000

The state of the U.S. job market may look bleaker this morning. Economists expect, on average, that a government report will show nonfarm payrolls decreased by 100,000 jobs in September.

The jobless rate may remain stable, at a five-year high of 6.1 percent, according to the consensus estimate. Today's report carries even more weight than usual, as it is the last look one before the Nov. 4 presidential election.

HOUSE TO VOTE ON BAILOUT

Expect much stock-market volatility as members of the House of Representatives resume debate on a controversial financial bailout bill. The Senate advanced a measure late Wednesday. But the vote in the House, which rejected a previous plan Monday and sent global stock markets tumbling, is crucial. If a plan passes, it could rebuild confidence among investors. If it fails again, watch for blood on Wall Street.

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