Friday, November 06, 2009

Civilian Unemployment Rate Jumps to 10.2 Percent (Graph)


In October, the unemployment rate rose to 10.2 percent, the highest rate since April 1983, and nonfarm payroll employment declined by 190,000.

Since the start of the recession, payroll employment has fallen by 7.3 million.


Job losses have averaged 188,000 over the past 3 months.

The employment-population ratio continued to decline in October, falling to 58.5 percent.


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