September, Unemployment Rate | featured news

(Image from article: "Unemployment rate rises to 9.8% as employers cut more jobs than expected")

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Cuts in Government Led U.S. Economy to Lose 95,000 Jobs

The unemployment rate stayed flat at 9.6 percent in September, but the drop in employment was far worse than expected.

Unemployment rate rises to 9.8% as employers cut more jobs than expected

A net 263,000 jobs were eliminated in September, pushing the jobless rate to a 26-year high. Stocks fall on the news. The nation's labor market took a turn for the worse in September as employers eliminated a net 263,000 jobs, far more than expected and reversing a pattern of steadily declining payroll losses in recent months, the Labor Department said today.

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