National Debt Clock

Saturday, October 3, 2009

U.S. Sept Non-Farm Payrolls Plunge 263,000, Unemployment at 9.8%

U.S. employers cut a deeper-than-expected 263,000 jobs in September, lifting the unemployment rate to 9.8 percent, according to a government report on Friday that fueled fears the weak labor market could undermine economic recovery.

The Labor Department said the unemployment rate was the highest since June 1983 and payrolls had now dropped for 21 consecutive months.

Apparently, the stimulus isn't qutie stimulating.

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