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U.S. jobless rate hits 26-year high of 9.8 percent (Reuters)

02.10.2009 20:43   26 views   0 comments
Tags: Reuters, September

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. REUTERS/GraphicsReuters - U.S. employers unexpectedly cut more jobs in September than in August, underscoring the fragility of the economy's recovery from its worst recession in 70 years as businesses remain cautious about the future.




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