WASHINGTON (MarketWatch) -- The U.S. labor market weakened in September as 263,000 payroll jobs were lost and the unemployment rate rose a tenth of a percentage point to a 26-year high of 9.8%, the Labor Department reported Friday.
It marked the 21st consecutive month of job losses. Since the recession began in December 2007, 7.2 million jobs have been lost and the unemployment rate has doubled.
Details of the report were almost universally dismal, with the number of unemployed people rising by 214,000 to 15.1 million.
Friday, October 02, 2009
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