Friday, November 7, 2008

Jobs Report

Wow, I was off on that one...

The economy lost 240,000 jobs in October.  Initially, the BLS estimated that 73,000 jobs were lost in August and 159,000 jobs were lost in September.  Those numbers were revised to losses of 127,000 and 284,000 respectively.  The U.S. economy has lost jobs every month this year, a total of 1,179,000.  The unemployment rate rose to 6.5%, the highest since early 1994.

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