Another month, another quarter million jobs lost

[20thlvl_rogue]

The Labor Department released its job numbers for September earlier today, as Bloomberg.com reports:

"Payrolls dropped by 263,000 in September, exceeding the median forecast in Bloomberg’s survey, with losses extending from cash-strapped state and local governments to retailers to builders, today’s report showed. The jobless rate rose to 9.8

Comments

[moskevyu]

I wonder if Obama is going to come through with another UI extension before 01/01/2010? I may need it. :(

[20thlvl_rogue]

The House of Representatives has already voted in favor of another 2 month extension, the bill now only needs to pass the Senate and President, which I'm sure it will.

Won't all this extra unemployment money help cause inflation though?

[nisie]

You mean printing money that has nothing to back it up? Yes, it will.