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 [...]
president obama economy
In an interview with Bloomberg News’ Al Hunt yesterday, President Obama confirmed what most economists are predicting — that the rate of unemployment will reach 10% by the end of this year. Although the rate of job loss has slowed over the past three months, employers have not started hiring new workers to keep pace [...]
