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| Economy |
| US unemployment rate hits 10.2% |
| 2009-11-06 |
| THE EMPLOYMENT SITUATION -- OCTOBER 2009 The 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 |
| #7 No wait...Barry will create or save 4-6 million jobs someday soon. |
| Posted by: Besoeker 2009-11-06 19:12 |
| #6 Comes out on Friday afternoon.... |
| Posted by: Grunt_0369 2009-11-06 17:38 |
| #5 So let's force forced government healthcare whose $5k/year in extra expenses will bankrupt any remaining small manufacturing. |
| Posted by: ed 2009-11-06 13:44 |
| #4 Clearly Bush's fault. |
| Posted by: Abu Chuck al Ameriki 2009-11-06 13:20 |
| #3 Why this is clear proof we need another stimulus plan! I mean, if something doesn't work it must mean we just didn't do enough of it, right? |
| Posted by: Glenmore 2009-11-06 11:53 |
| #2 "The underemployment rate — which includes discouraged workers and part-time staff that would like to work full time — climbed to 17.5%, the highest on records going back to 1994." - IBD |
| Posted by: Procopius2k 2009-11-06 09:49 |
| #1 I should have noted that the second paragraph refers to the household survey, the first paragraph to the employer survey. That is why the two job loss numbers (190k vs 558k) are different. |
| Posted by: lord garth 2009-11-06 09:42 |