The Bureau of Labor Statistics released the October unemployment numbers and, unfortunately, they are worse than expected. The unemployment rate rose .4% over last month to 10.2% — the highest it’s been in 26 years. Economists had predicted the rate would hit 9.9%. Also in October, 190,000 jobs were lost, putting the nation’s total number [...]
double-digit unemployment
Time Magazine’s feature story this week is a sobering report on double digit unemployment. The magazine asks, frighteningly, if double-digit unemployment is here to stay. Economists had long since told us that when growth returned, jobs would return. But now, top labor analysts are wondering whether this truism still rings true. Has something fundamental changed [...]
