Video: New School Protesters Beaten, Arrested (Again)
B&H Photo Video Sued For Gender Bias
Person Fatally Struck By G Train At 7th Avenue Subway Station
Sexual Harassment On Subways An "Underreported Crime"
Restaurant Owner's Email to Staff Belongs in Tyrant Hall of Fame
The U.S. Department of Labor released the latest unemployment numbers, which have now finally hit the double digits and broken the "10% psychological barrier"—October's unemployment rate is 10.2%, the highest since April 1983, with employers cutting a "deeper-than-expected 190,000 jobs."
Some more details from the DOL: "Among the major worker groups, the unemployment rates for adult men (10.7 percent) and whites (9.5 percent) rose in October. The jobless rates for adult women (8.1 percent), teenagers (27.6 percent), blacks (15.7 percent), and
Hispanics (13.1 percent) were little changed over the month. The unemployment rate for Asians was 7.5 percent, not seasonally adjusted."
Bloomberg News says this "underscor[es] why Federal Reserve policy makers say interest rates will remain low until the labor market recovers." And, according to the NY Times, "While the pace of the job losses has slowed significantly since the peak of the recession last winter, the unemployment rate, which measures the number of people actively seeking work, continues to climb, and economists do not foresee relief until well into next year."
add to stumble upon
add to reddit
tweet this
post to facebook
unemployed? sell the good herb.
You probably can't create real jobs with funny money. And the U.S. has been producing funny money for some time. As Mr. O has continued most of the disastrous financial and economic policies of the previous administrations, I guess the reader who suggested the current "recovery" was "dead cat bounce" was on target.
I was one of them that got laid off last month.:(
You're making Obama look bad. Get a job, slacker!
Sorry to hear that, I believe that the continuing unemployment rate is what will finally wake people up to take an active role in making a real change in policy-making.
The recession is dead! Long live the recession!
Don't worry guys, it's ok because the Dow is back over 10,000 and wall street profits are going up again.
[/sarcasm]
Yeah, the Dow's up because the dollar value is going down, so now people are unemployed AND everything's more expensive.
[/not sarcasm]
everything is more expensive.
Everything being staple goods, I've noticed how some foodstuffs are downsized, you don't get a full pound or a full pint.
i had a few full pints last night