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Jobless rate tops 10 pct. for first time since ’83



Published: Fri, November 6, 2009 @ 9:15 a.m.

WASHINGTON (AP) — The unemployment rate has surpassed 10 percent for the first time since 1983 — and is likely to go higher.

Nearly 16 million people can’t find jobs even though the worst recession since the Great Depression has apparently ended. The Labor Department said Friday that the economy shed a net total of 190,000 jobs in October, less than the downwardly revised 219,000 lost in September. August job losses were also revised lower, to 154,000 from 201,000.

But the loss of jobs last month exceeded economists’ estimates. It’s the 22nd straight month the U.S. economy has shed jobs, the longest on records dating back 70 years.

Counting those who have settled for part-time jobs or stopped looking for work, the unemployment rate would be 17.5 percent, the highest on records dating from 1994.


Comments

1palbubba(671 comments)posted 5 years, 1 month ago

For those of you who voted for change you will have to look elsewhere. Look to Social Security getting no raise while federal employees do get a raise. That's change I see my gov't I bonds earning
0% interest for the first time ever, that's change. I hope you are enjoying your change I'm not.

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2AKAFR1(322 comments)posted 5 years, 1 month ago

A vote for change is better than staying on a sinking ship. These problems were not created overnight and will not be solved immediately.

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3jrbully(16 comments)posted 5 years, 1 month ago

NOW THAT THE UNIONS HAVE BEEN BUSTED EVERYTHING IS SUNNY IN AMERICA....YOU SEE THE PRICE OF EVERYTHING COMING DOWN FROM CARS AND TRUCKS TO FOOD...YOU PEOPLE HAVE SURE BOUGHT A BILL OF GOODS FROM THE RICH AND WE NOW DESERVE EVERYTHING THE RICH DECIDES THEY WILL GIVE US..

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4Ytownnative(1065 comments)posted 5 years, 1 month ago

Something must be wrong
Noone has blamed Bush yet

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