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Article: Dulling recovery hopes, jobless rate hits 10.2%.(Front)
- Article from:
- The Virginian-Pilot (Norfolk, VA)
- Article date:
- November 7, 2009
CopyrightCOPYRIGHT 2009 The Virginian Pilot-Ledger Star. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Labor Department said the economy shed 190,000 jobs in October.
By Jeannine Aversa and Christopher S. Rugaber
The Associated Press
WASHINGTON
Just when it was beginning to look a little better, the economy relapsed Friday with a return to double-digit unemployment for only the second time since World War II and warnings that next year will be even worse than previously thought.
The jobless rate jumped to 10.2 percent in October, the highest since early 1983, dealing a psychological blow to Americans as they prepare holiday shopping lists. It was another worse-than-expected report casting a shadow over the struggling ...