Report Shows Weakness in Job Market
October 2, 2009 No CommentsThe government released the September jobs report today, and the news is bleak. The unemployment rate was 9.8 percent, up from 9.7 percent the previous month, according to the U.S. Labor Department. The jobless rate has reached the highest point in 26 years. Job losses also increased. Nonfarm payrolls dropped by 263,000, compared to the ...