I’m confused because Barry & Co. told us that without the porkulus unemployment would soar to 8.3%.
WASHINGTON (Reuters) — The unemployment rate hit 10.2% in October, surpassing 10% for the first time since 1983.
The Labor Department also said Friday that employers cut a deeper-than-expected 190,000 jobs in October. It revised job losses for August and September to show 91,000 fewer jobs lost than previously reported.
Analysts polled by Reuters had expected payrolls to drop 175,000 and the jobless rate to edge up to 9.9% from 9.8% in September.
Take your mouse and scroll over the graphic included in the story. If my math is right, 3,105,020 jobs have been lost since The One took office.