Unbelievable. Unemployment Rate at 10.2%

We knew it was coming but it’s still hard to fathom.  Unemployment in the US is at 10.2%.  Hope & Change is officially in a downward spiral.  From Foxnews.com:

Nearly 16 million people can’t find jobs, the Labor Department said Friday, pushing the unemployment rate over 10 percent for the first time since 1983.

The Labor Department said the economy shed a net total of 190,000 jobs in October, less than the downwardly revised 219,000 lost in September.

 But the loss of jobs exceeded economists’ estimates. It’s the 22nd straight month the U.S. economy has shed jobs, the longest on records dating back 70 years.

 Counting those who have settled for part-time jobs or stopped looking for work, the unemployment rate would be 17.5 percent, the highest on records dating from 1994.

 The jobless rate rose from 9.8 percent in September.

Move over Jimmy Carter.  There’s a new sheriff in town.

Advertisements

Tags: , , , , ,

One Response to “Unbelievable. Unemployment Rate at 10.2%”

  1. Obama and Democrats: Healthcare a Priority but Economy, Jobs Are Not | Palmetto Conservative Says:

    […] days.  What is atop their list is a struggling economy and a skyrocketing unemployment rate. (10.2% as of last week)  The more Obama and the Democrat-controlled Congress neglects these issues, the more the […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: