Another month, another 190,000 jobs lost. National unemployment rate now at 10.2%
The Department of Labor's employment data for the month of October was released today. It seems the nightmare isn't over. Oh no, my children, it seems the nightmare has only just begun.
The following is from an article that appears today on Bloomberg.com:
By Timothy R. Homan
Nov. 6 (Bloomberg) -- The unemployment rate in the U.S. jumped to 10.2 percent in October, the highest level since 1983, casting a pall over the prospects for a sustained recovery and risking further erosion of President Barack Obama’s popularity.
Payrolls fell by 190,000 last month, more than forecast by economists, a Labor Department report showed today in Washington. The jobless rate rose from 9.8 percent in September. Factory payrolls dropped by the most in four months, and the average workweek held at a record low.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aCyf_4ilb5Hc&pos=1
The following is from an article that appears today on Bloomberg.com:
By Timothy R. Homan
Nov. 6 (Bloomberg) -- The unemployment rate in the U.S. jumped to 10.2 percent in October, the highest level since 1983, casting a pall over the prospects for a sustained recovery and risking further erosion of President Barack Obama’s popularity.
Payrolls fell by 190,000 last month, more than forecast by economists, a Labor Department report showed today in Washington. The jobless rate rose from 9.8 percent in September. Factory payrolls dropped by the most in four months, and the average workweek held at a record low.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aCyf_4ilb5Hc&pos=1