Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Unemployment Jumps to 10.2%

Companies cut 190,000 jobs last month

By Kevin Spak, Newser Staff

Posted Nov 6, 2009 7:50 AM CST

(Newser) – Unemployment cracked the 10% barrier last month, as 190,000 workers lost their jobs, according to Labor Department figures released today. The bigger-than-expected losses bring the rate to 10.2%, a 26-year high. And the underemployment rate, which includes would-be full-timers working part time and... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

27 comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

'Serpent Pastor' Dies of Snake Bite

Oosp: Romney's New App Misspells 'America'

Bloomberg (Source Grid »)

recession • unemployment • Department of Labor • payrolls • economy • underemployment • unemployment rate

More Newser Stories

Job Creation Up, but So Is Jobless Rate

Unemployment at 9.9% as job seekers re-enter market

(AP) - Employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years, the AP reports. The jobless rate also rose, to 9.9%, as people resumed their searches for work. The hiring of 66,000 temporary government workers to conduct the census helped overall payroll growth last month. Private employers added a surprisingly strong 231,000 positions in April, also the most since March 2006, the Labor Dept. reported today. More»

Unemployment Falls to 9.7%

It's the first time it's been under 10% in 4 months

(AP) - The nation's unemployment rate fell unexpectedly to 9.7% in January, the Labor Department said today. The drop from 10% comes even as US employers cut another 20,000 jobs. The rate dropped because a survey of households found the number of employed Americans rose by 541,000. Overall, however, the total number of people who have lost jobs during the recession is now estimated to be 8.4 million. More»

Unemployment Stays at 10%

Employers cut 85,000 jobs in December, more than expected

(AP) - The economy lost more jobs in December and the unemployment rate was unchanged, signs that a sluggish economic recovery has yet to revive hiring. The Labor Department says employers cut 85,000 jobs last month, worse than the 8,000 drop analysts expected. A sharp drop in the labor force, a sign more of the jobless are giving up on their search for work, kept the unemployment rate at 10%, the same as in November. More»

It's About the Jobs, Stupid

The US needs to create work for Americans

(NEWSER) - The US has to shake up conventional thinking and create jobs for out-of-work Americans, writes Paul Krugman . Our current misguided thinking—as evidenced by unemployment north of 10%—isn't so much a jobs policy as GDP policy. "If you grow it, they will come," goes the philosophy. Get the economy humming, in other words, and the jobs will follow. While that's normally sound thinking, "these aren't normal times." More»

Expect Unemployment to Keep Rising

Companies still aren't sold on a long-term recovery

(NEWSER) - Anyone hoping that today's worse-than-expected news of 10.2% unemployment means we've hit rock bottom is going to be disappointed, writes Megan McArdle . "This figure is likely to get worse before it gets better." Companies need more proof of a long-term recovery before committing to new hires. In the meantime, they're more likely to give existing employees more assignments and hours than to hire new workers. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Unemployment Jumps to 10.2%

Companies cut 190,000 jobs last month

recession • unemployment • Department of Labor • payrolls • economy • underemployment • unemployment rate

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Job Creation Up, but So Is Jobless Rate

Unemployment at 9.9% as job seekers re-enter market

Unemployment Falls to 9.7%

It's the first time it's been under 10% in 4 months

Unemployment Stays at 10%

Employers cut 85,000 jobs in December, more than expected

It's About the Jobs, Stupid

The US needs to create work for Americans

Expect Unemployment to Keep Rising

Companies still aren't sold on a long-term recovery

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?