The unemployment rate rose from 9.8 to 10.2 percent in October, and nonfarm payroll employment continued to decline (-190,000), the U.S. Bureau of Labor Statistics reported today. The largest job losses over the month were in con- struction, manufacturing, and retail trade.....The number of long-term unemployed (those jobless for 27 weeks and over) was little changed over the month at 5.6 million.
It’s not only, not improving, but it’s still getting worse.
Other links with good analysis of the unemployment numbers:
Calculated Risk on Weak Holiday Hiring, Longer Term Unemployed
One thought on “Still Ugly: Employment for October”
Pingback: Jim Luke [teaching] » Channel 6: Employment Report – the Big 10%
Comments are closed.