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Hot Air » Blog Archive » Unemployment hits 10.2%

Is this proof that the Stimulus lie failed?  It was $800 billion used by Obama to pay off political allies.

Unemployment hit double digits for the first time in 26 years as more than 558,000 lost jobs in October.  The jobless rate went from 9.8% to 10.2%, a leap that quadruples the increase from August to September and indicates a rapidly-worsening situation for American workers:

The unemployment rate rose from 9.8 to 10.2 percent in October, and nonfarm payroll employment continued to decline (-190,000), the U.S. Bureau of Labor Statistics reported today. The largest job losses over the month were in construction, manufacturing, and retail trade.

In October, the number of unemployed persons increased by 558,000 to 15.7 million. The unemployment rate rose by 0.4 percentage point to 10.2 percent, the highest rate since April 1983. Since the start of the recession in December 2007, the number of unemployed persons has risen by 8.2 million, and the unemployment rate has grown by 5.3 percentage points. (See table A-1.)

Hot Air » Blog Archive » Unemployment hits 10.2%

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