money.cnn.com - 29 days ago
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The unemployment rate spiked to its highest level since 1983, much worse than expected as employers continue to trim jobs despite other signs of growth.
nytimes.com - 30 days ago
michaelscomments.wordpress.com - 30 days ago
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michaelscomments.wordpress.com —
The economic for October predictions were 175,000 non-farm
jobs lost, and an unemployment rate at or just...
below 10%. Just based on initial unemployment filings, I think you’d have had to count on people continuing to drop out of the system to ...
(more)
October Job Losses Accelerate Again – 10.2%!
nytimes.com - 29 days ago
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Unemployment Tops 10%
Boots and Sabers —
... Yikes . The government reported Friday that unemployment rate spiked to 10.2%, up from 9.8% in September. It is the highest that this rate has been since April 1983. Economists had forecast an increase to 9.9%. There was also a net loss of 190,000 jobs in October, according to the Labor Department, an improvement from a revised estimate of 219,000 job losses in September. However, economists surveyed by Briefing.com had forecast a loss of only 175,000 jobs in October. This was the 22nd straight month of job losses. Government efforts to end job losses have had limited effects, ...
And In Other Cheerful News
Blue Crab Boulevard —
... Unemployment spikes to 10.2% . The nation’s unemployment rate rose above 10% for the first time since 1983 in October, a much worse jump than expected as employers continued to trim jobs from payrolls. The reading, reported by the government Friday, is a sign of the continued weakness in the labor market even though the economy grew in the third quarter following the longest and deepest downturn since the Great Depression. The government reported that the unemployment rate spiked to 10.2%, up from 9.8% in September. It is the highest that this rate has been since April 1983. ...
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Unemployment Rate Hits 10.2%
politicalwire.com 29 days ago — "U.S. unemployment rose by more than expected in October to hit its highest level in more than 26 years and employers cut more jobs than forecast, a sign the labor market continues to struggle as the economy emerges from its deep recession," the Wall ...
Unemployment rate hits 10.2% in October
marketwatch.com 29 days ago — Alert Email Print By Rex Nutting , MarketWatch WASHINGTON (MarketWatch) - The U.S. unemployment rate climbed to 10.2% in October, topping the 10% mark for the first time in 26 years, the Labor Department reported Friday. Nonfarm payrolls dropped by ...
Holy Nightmare!… Unemployment Rate Spikes to 10.2%!
gatewaypundit.firstthings.com 29 days ago — Thanks Barack. Unemployment spiked to 10.2% in October.
AFP reported:
The US unemployment rate shot up to 10.2 percent in October as another 190,000 jobs were shed, the government said Friday in a report showing narrowing job losses.
Unemployment in U.S. Jumps to 10.2%, Payrolls Fall (Update3)
bloomberg.com 29 days ago — Nov. 6 (Bloomberg) -- The unemployment rate in the U.S. soared to a 26-year high of 10.2 percent in October and employers cut more jobs than forecast, underscoring why Federal Reserve policy makers say interest rates will remain near zero. Payrolls ...
Employment Report: 190K Jobs Lost, 10.2% Unemployment Rate
calculatedriskblog.com 29 days ago — From the BLS : The unemployment rate rose from 9.8 to 10.2 percent in October, and nonfarm payroll employment continued to decline (-190,000), the U.S. Bureau of Labor Statistics reported today. The largest job losses over the month were in ...
At 10.2%, October’s unemployment is a wake-up call
epi.org 9 days ago — Heidi Shierholz November 6, 2009 Though the American Recovery and Reinvestment Act (ARRA) now has GDP growing again , this morning s Bureau of Labor Statistics October employment report found that the jobs situation nevertheless continues to worsen. ...
Did Unemployment Really Rise?
norris.blogs.nytimes.com 26 days ago — Employment was up in October, and the unemployment rate was unchanged, no matter what you may have read. The news looked bad only because of seasonal adjustments.
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