October Jobless Rate Tops 10 Percent

Topic Tags: 

A sign the labor market continues to struggle as the economy emerges from its deep recession. Read More...

wsj.com
October Jobless Rate Tops 10%
* CAREERS
* NOVEMBER 6, 2009, 12:01 P.M. ET
By LUCA DI LEO and JEFF BATER

WASHINGTON -- 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 unemployment rate...rose by 0.4 percentage point to 10.2%, the Labor Department said Friday. Economists surveyed by Dow Jones Newswires had forecast an increase to 9.9%.

Source

Join the discussion on AMG’s The Public Square
Return to AMG’s home page