Unemployment rate jumps to 10.2 percent -- DailyFinance »

Posted By Eagle_Eye 2 weeks, 3 days ago in Business & Finance

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.

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Eagle_Eye

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    Justice4All2 weeks, 2 days ago

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    The Bush regime left this country in a real mess. I'll never understand why so many people wanted to see the country in the state it's in today.
    But things are changing, especially after the 2008 elections. It may take the Obama administration a couple years to reverse the trend and a few more to fix things. Even it things go well it will be 20 years before the country is in as good a condition as it was when Clinton left office.

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