Unemploymentsoared in October
WASHINGTON -- The nation's unemployment rate soared to 5.4 percent in October, the biggest one-month jump in more than 21 years, providing the most dramatic evidence yet that economic fallout from the terror attacks probably pushed the country into recession. A massive 415,000 jobs were eliminated during the month.
Widespread job losses catapulted the unemployment rate from 4.9 percent in September to 5.4 percent last month, marking the highest unemployment rate the country has seen since December 1996, the Labor Department reported today.
Manufacturing, airlines, travel agencies, hotels, and retailers were among those posting big losses.
SALEM -- Miller-Holzwarth of Salem won a $155,730 contract from the U.S. Army to make 2,070 periscopes for its automotive and armaments command in Rock Island, Ill. The contract was announced this week by federal agencies.
From Vindicator staff and wire reports