1,200,000 jobs lost in 2008! unemployment rate soars to 6.5%

[Liberal_in_LA]

http://money.cnn.com/2008/11/07/news/economy/jobs_october/?postversion=2008110711

Jobs lost in 2008: 1.2 million
Payrolls shrink by 240,000 in October, 10th straight month of cuts. Unemployment soars to 6.5%

NEW YORK (CNNMoney.com) -- The government reported more grim news about the economy Friday, saying employers cut 240,000 jobs in October - bringing the year's total job losses to nearly 1.2 million.

According to the Labor Department's monthly jobs report, the unemployment rate rose to 6.5% from 6.1% in September and higher than economists' forecast of 6.3%. It was the highest unemployment rate since March 1994.

"There is so much bad in this report that it is hard to find any silver lining," said Morgan Keegan analyst Kevin Giddis.

[Parche]

1. Its Clinton and Obama's fault

:woohoo: :woohoo: :hi: