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.
Unemployment, Of Course,
continues to go through the roof:
Subscribe to:
Post Comments (Atom)
Featured Post
The Good Die Young: James Dobson (1936-2025)
One of the leading figures of the religious right of the past fifty years, Dr. James Dobson, 89, reportedly died today. No cause of death ...
-
On a somewhat off track, Sovereignty has won the 151st Kentucky Derby for Godolphin Stable. Journalism, the favorite, came in second, whi... -
Journalism has won the 150th Preakness Stakes. It was an extremely tight far turn into homestretch. I am happy nobody was hurt, but I thin... -
Obituary: Probably the big story of today, besides it being the last day before the U.S. general election, was the death of famed music p...
No comments:
Post a Comment