OUCH! Unemployment Reaches Highest Since June 1983

Posted on October 2, 2009

From the Associated Press:

Unemployment numbers for September of this year hit 9.8%, the highest since June of 1983.  If those who are no longer looking for work, and those who have settled for part-time employment are included, unemployment is at 17%.   This is the highest on record, dating from 1994.

The total number out of work is 15.1 million Americans, and most economists expect unemployment to continue to rise over 10% and keep climbing.

Jobless recovery?  Read the article for more details.

Posted in: Economy