Joshua Zumbrun, 10.02.09, 09:50 AM EDT
Confounding talk of recovery, losses increase in September; unemployment hits 9.8%.
All the talk of recession ending is confounded by one simple fact: The job market is not recovering. In September, the 22nd month since the recession began, an additional 263,000 jobs were lost, bringing the total number of unemployed to 15.1 million.
The losses were worse than August, when 201,000 jobs were lost, but better than July’s 304,000. The unemployment rate rose to 9.8% from 9.7%.
Read more at Forbes.com