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US unemployment rate hits 10.2%
THE EMPLOYMENT SITUATION -- OCTOBER 2009The unemployment rate rose from 9.8 to 10.2 percent in October, and nonfarm payroll employment continued to decline (-190,000), the -190k is actually an improvement over the average for the past 6 months the U.S. Bureau of Labor Statistics reported today. The largest job losses over the month were in construction, manufacturing, and retail trade. In October, the number of unemployed persons increased by 558,000 to 15.7 million. The unemployment rate rose by 0.4 percentage point to 10.2 percent, the highest rate since April 1983. Since the start of the recession in December 2007, the number of unemployed persons has risen by 8.2 million, and the unemployment rate has grown by 5.3 percentage points. Frank G adds: yet the Donk dirtbags persist in job-killing Cap-and-trade, Obamacare, higher taxes.... Posted by: lord garth 2009-11-06 |
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