Saturday, October 3, 2009

US job market situation in September

263,000 jobs lost in September (non-farm payrolls figures)

Thus since December 2007, the unemployed have risen by 7.6 million, from 7.5 to 15.1 million (100%)!

The unemployment rate is thus at 9.8% (August: 9.7%) the highest since 1983!

Note: Less than 5% of collage graduates are unemployed!

21 consecutive months of job losses

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