Updated on
Summary
The US unemployment rate rose to 10.2 per cent in October from 9.8 per cent, as non-farm payroll employment declined by 190,000. US unemployment is now at its highest level since the rate hit 10.2 per cent in April 1983. The all-time high since the government began keeping records was six months earlier in November 1982.Jobs brochures are seen on display at a state unemployment office in Sunnyvale, California. The U.S. unemployment rate his 10.2 per cent in October. The number of unemployed persons increased by 558,000, to 15.7 million, during the month, the US Bureau of Labour Statistics said Friday.Since December 2007, the number of unemployed persons has risen by 8.2 million, and the unemployment rate has grown by 5.3 percentage points. It's also the 22nd consecutive month that the US economy has lost jobs. Economic experts say that economic recession is not only affecting economy but also weakening people psychologically.
