World Business: On a Spree 24/04/09

Jobless rate hits 26-year high at 10.2 percent

The Labor Department reported that the unemployment rate in the U.S. hit its highest level since March of 1983, rising from 9.8 percent in September to 10.2 percent in October, as nonfarm payrolls saw a net decline of 190,000.During the early 1980s recessions, the jobless rate peaked at 10.8... Continue Reading

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