U.S. Unemployment Rate Increases 10.2%
The unemployment rate in the United States (U.S.) jumped to 10.2 percent in October. This figure shows the highest level since 1983, so disrupt the economic recovery prospects.
As quoted by the Associated Press, Sunday (8/11/2009), at least 190 thousand people have lost his job last month, more than economists expected, said Labor Department report in Washington. The unemployment rate rose from 9.8 percent in September. The unemployment rate in the plant declined to the lowest point in four months, as quoted from a site of national economy.
Term Treasury notes rose two years triggered the central bank estimates (the Fed) will keep interest rates close to no percent. President Barack Obama promised to take new measures to help the 15.7 million unemployed back to work.
“The number of unemployed in November and December is very bad. We estimate that there has been no acceptance of workers in the near future,” said Harm Bandholz, economist of UniCredit Global Research in New York. I wish to wear my ex-company lanyards around my neck again now.