Work From Home Articles, Small Business News, and Home Business Buzz

Unemployment hits 10.2%

Posted on: November 6, 2009

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

http://www.homebusinessbug.com/unemployment-hits-10-percent/

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