Friday, November 6, 2009

Unemployment up

The latest unemployment numbers are in. From the Wall Street Journal:

The U.S. unemployment rate rose by more than expected in October to 10.2%, its highest level in more than 26 years, and employers cut more jobs than forecast. Nonfarm payrolls fell by 190,000 last month, with the largest job losses in construction, manufacturing, and retail trade. Economists had expected a 175,000 decrease.

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