Unemployment at 10.2 Percent
There are 15.7 million Americans who can’t find jobs.
The Labor Department said Friday that jobless rate rose to 10.2 percent, the highest since April 1983, from 9.8 percent in September. The economy shed a net total of 190,000 jobs in October, less than the downwardly revised 219,000 lost in September, but more than economists expected.
Economists say it could go as high as 10.5% next year if employers are reluctant to hire.Click here for reuse options!
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