Saturday, November 7, 2009

In Economic Woes 11-07

From the Bureau of Labor Statistics - Employment Situation Summary
In October, the number of unemployed persons increased by 558,000 to 15.7
million. The unemployment rate rose by 0.4 percentage point to 10.2 percent,
the highest rate since April 1983. Since the start of the recession in
December 2007, the number of unemployed persons has risen by 8.2 million,
and the unemployment rate has grown by 5.3 percentage points. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (10.7 per-
cent) and whites (9.5 percent) rose in October. The jobless rates for adult
women (8.1 percent), teenagers (27.6 percent), blacks (15.7 percent), and
Hispanics (13.1 percent) were little changed over the month. The unemployment
rate for Asians was 7.5 percent, not seasonally adjusted. (See tables A-1,
A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks and over) was
little changed over the month at 5.6 million. In October, 35.6 percent of
unemployed persons were jobless for 27 weeks or more.

October Unemployment Rate Jumps Upward ==> 10.2%! AND Broader Measure of U.S. Unemployment Stands at 17.5%

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