Well today it topped 10.2%. It appears that Obama is just making the economy worse, with his extravagant taxing, that's driving jobs out of the market.
quote:
NEW YORK (CNNMoney.com) -- The nation's unemployment rate rose above 10% for the first time since 1983 in October, a much worse jump than expected as employers continued to trim jobs from payrolls.
The reading, reported by the government Friday, is a sign of the continued weakness in the labor market even though the economy grew in the third quarter following the longest and deepest downturn since the Great Depression.
The government reported that the unemployment rate spiked to 10.2%, up from 9.8% in September. It is the highest that this rate has been since April 1983. Economists had forecast an increase to 9.9%.
Many here new what was going to eventually happen. Some here are still carrying the water for the disasterous Obama economic policies and agenda. I hope those are in the majority of those who have lost their job or can't find more than part time employment with no benefits. Are there any liberals here who have lost their job since Obama was coronated and still support his economic agenda?