Unemployment At Highest Level Since 1983

The unemployment rate rose from 9.8 to 10.2 percent in October, and nonfarm payroll employment continued to decline (-190,000), the U.S. Bureau of Labor Statistics reported today. The largest job losses over the month were in construction, manufacturing, and retail trade. In October, the number of unemployed persons increased by 558,000 to 15.7 million. The [...]