Archive for November, 2009

Unemployment Jumps to 10.2 Percent in October

The unemployment rate has reached 10.2 percent, as the economy reels from job cuts in construction, manufacturing and retail trade. The U.S. economy lost 190,000 jobs in October, pushing unemployment to the highest rate since April 1983. Since the recession began in December 2007, the nation has lost 7.3 million jobs. Last month, employment fell by ...