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Friday, November 6, 2009

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 in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com