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Friday, November 6, 2009
More than 1 in 10 U.S. workers jobless

U.S. unemployment rose to 10.2% in October, up 0.4%, as 190,000 more people lost their jobs (vs. hires.)

"Having the unemployment rate in double digits is a stark reminder of how much work remains to be done," says Obama adviser Christina Romer here. Well, yeah...

Bloomberg says it's the biggest proportion of jobless since the Reagan recession of the early 1980s here.

Posted by Joseph N. DiStefano @ 10:55 AM  Permalink | Post a comment
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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column, which is printed in the business pages of The Philadelphia Inquirer every Sunday, Tuesday, Wednesday, Thursday and Friday. Joe has worked at the Inquirer, mostly, since 1988. He has also written for Bloomberg and Gannett, authored the book Comcasted, majored in economics at Penn, and fathered six children. Reach Joe at 215-854-5194 and JoeD@phillynews.com

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