U.S. jobless rate climbs to 10.2 percent

WASHINGTON (Reuters) — U.S. employers cut a deeper-than-expected 190,000 jobs in October, government data showed on Friday, driving the unemployment rate to 10.2 percent, the highest in 26-1/2 years.

The Labor Department said the unemployment rate was the highest since April 1983. It revised job losses for August and September to show 91,000 fewer jobs lost than previously reported.

via U.S. jobless rate climbs to 10.2 percent – Yahoo! Finance.

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