Unemployment in U.S. Jumps to 10.2% as Payrolls Fall
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Unemployment in U.S. Jumps to 10.2% as Payrolls Fall
The unemployment rate in the U.S. soared to a 26-year high of 10.2 percent in October and employers cut more jobs than forecast. Payrolls fell by 190,000 workers last month, compared with a 175,000 drop anticipated by the median forecast of economists surveyed by Bloomberg News, figures from the Labor Department showed today in Washington. Bloomberg's Lizzie O'Leary reports. (Source: Bloomberg)
Bloomberg | November 6, 2009
