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Article: Weak Data Signal Grim Prospects For Workers; Unemployment Rate Highest in 26 Years
- Article from:
- The Washington Post
- Article date:
- October 3, 2009
- Author:
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The recession's toll on workers rose again in September, with the
unemployment rate climbing to 9.8 percent, its highest level since
1983, as the count of the nation's jobless topped 15.1 million,
according to a government report released Friday.
The report underscores fears that, even as some sectors of the
economy have stabilized and stock markets have rallied, the
prospects for workers remain bleak.
Economists have forecast that unemployment will rise through the
end of the year, when layoffs tend to increase anyway, and some say
that the surge of unemployment will extend well into 2010.
The job losses have continued for 21 months, the longest such
stretch in 70 years of records, ...