Unemployment inched closer to 10%.
Fox News.com is reporting:
The unemployment rate rose to 9.8 percent in September as employers cut far more jobs than expected, evidence that the longest recession since the 1930s is still inflicting widespread pain.
The official jobless rate stopped short of topping 10 percent only because the Labor Department doesn't count people who have given up looking for work or settled for part-time jobs.
More than a half-million unemployed people gave up looking for work last month. If laid-off workers who have settled for part-time work or have given up looking for new jobs are included, the unemployment rate rose to 17 percent, the highest on records dating from 1994.
So much for "hope and change." Wasn't the stimulous supposed to hold unemployment to 8%?
For the full story, go here.
Barack Hussein Obama -- hmmm, hmmm, hmmm!
No comments:
Post a Comment