Nov. 6, 2009, 3:38 p.m. EST

Unemployment rate hits 10.2%, a 26-year high Payrolls fall by 190,000 in October, 22nd straight decline

By Rex Nutting, MarketWatch

WASHINGTON (MarketWatch) - In another sign that workers are being left out of the budding economic recovery, the U.S. unemployment rate climbed to 10.2% in October, topping the 10% mark for the first time in 26 years.

Nonfarm payrolls dropped by a seasonally adjusted 190,000 in October, bringing to total number of jobs lost in the recession to 7.3 million, the Labor Department reported Friday. It was the 22nd straight monthly decline in payrolls.


Dec. 4, 2009

The unemployment rate edged down to 10.0 percent in November, and nonfarm
payroll employment was essentially unchanged (-11,000), the U.S. Bureau of
Labor Statistics reported today. In the prior 3 months, payroll job losses
had averaged 135,000 a month. In November, employment fell in construction,
manufacturing, and information, while temporary help services and health care
added jobs.


Wow! a whole .2%! It doesn't take an over paid Government Labor Department employee to figure out that .2% doesn't even cover the temporary "seasonal" workers that everyone hires during the holidays! But Yeah let's celebrate until January when it shoots up to 10.5%