Unemployment Numbers Worse Than Expected: 9.8 Percent Highest Mark Since 1983

by Benjamin Domenech on 9:41 am October 2, 2009

Welcome to the new reality of the American economy. “Employers cut more jobs than forecast last month and the unemployment rate rose to a 26-year high, calling into question the sustainability of the economic recovery… Payrolls fell by 263,000, following a revised 201,000 decline the prior month that was less than previously reported.”

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