The intersection of Smith Street and President Street in Carrol Gardens, Brooklyn, New York, U.S.A.
Friday, November 6, 2009
U.S. Unemployment Rate: 10.2% (to 17.5%)
NYT: The United States economy shed 190,000 jobs in October, and the unemployment rate reached a 26-year high of 10.2 percent, up from 9.8 percent in September, the Department of Labor said Friday in its monthly economic appraisal...
Since the beginning of the recession in 2007, the number of unemployed Americans has increased by 8.2 million people, and the unemployment rate has risen by 5.3 percentage points...
The recession has left many Americans settling for part-time work because companies are reluctant to add full-time employees. The underemployment rate, which includes part-time workers, the jobless and those who have given up on searching, was 17.5 percent in October — the highest level since at least 1994...
For the 15.7 million Americans who were without work in October, Friday's data did little to change the realities of their daily lives...
(Rewind: May 1983: Time Magazine; September 1982: Time Magazine; February 1982: Time Magazine)
(Photo 1 from NYT: Yankee Fans Celebrate Their Newest Champions)
(Photo 2 from NYT: Army Doctor Held in Ft. Hood Rampage; morning print headline -- 12 Killed, 31 Wounded In Rampage At Army Post; Officer Is Suspect)
Fast-forward: October 2010: Stock Market Seems to Like 9.6%/17.1% U.S. Unemployment
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