US unemployment rate reaches 9.8%
Friday, October 2, 2009 Companies in the United States are shedding more jobs, pushing the country’s unemployment rate to a 26-year high of 9.8%. The US Labor Department said on Friday that employers cut 263,000 jobs in September, with companies in the service industries — including banks, restaurants and retailers — hit especially hard. This is the 21st consecutive month of job losses in the country. The United States has now lost 7.2 million jobs since the recession officially began in December 2007. The new data has sparked fears that…
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