Friday, November 6, 2009

Unemployment Rate Hits 10.2 percent ...adult men and whites hit hardest

Adult men and whites hit hardest by unemployment

In October, the number of unemployed persons increased by 558,000 to 15.7 million. The unemployment rate rose to 10.2 percent, the highest rate since April 1983, surpassing the June 1983 rate of 10.1 percent. The unemployment rates for adult men and whites rose in October while the jobless rates for adult women, teenagers, blacks, and Hispanics were little changed over the month.    

Fact Resource: www.bls.gov

Trivia Question: What was the highest unemployment rate in U.S. history? The highest unemployment rate in U.S. history was during the great depression when in 1932 the unemployment rate hit 23.6%.

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