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The New York Times nailed it this morning when they said "For Americans who wake up each morning thinking about their job hunt, Friday’s unemployment report offered little reassurance that their search would soon pay off, even as the broader economy showed signs of strengthening." That's because nationwide, unemployment in October shot up to 10.2 percent, a 26-year record high. 190,000 jobs were lost with the largest amount found in the construction industry.
Unemployment: Now Higher than 10%
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Any ideas why the 110 off/on ramps will be shut down for 1 year starting tomorrow from the hours of
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And the "underemployment rate," which includes those people who took crappy part time jobs for which they are overqualified and are therefore no longer considered unemployed, is at 22%.
This figure also does not count the number of people who have 1) given up looking for work, or 2)those whose unemployment benefits have run out, causing them to be dropped from the records/statistics altogether. Does anyone know how high those numbers are?
around 23%