Posted by: arnegrim | May 7, 2010

Bad news continues for Democrats…

“The unemployment rate rose from 9.7 percent in March to 9.9 percent in Apri…

…Many economists have predicted the unemployment rate would rise as people come back into the labor force. The jobless rate hit 10.1 percent in October, a 26-year high. The rate could climb back up to the 10 percent range in the months ahead, Naroff said…

…All told, 15.3 million people were out of work in April.

Counting people who have given up looking for work and part-timers who would prefer to be working full time, the so-called underemployment rate rose to 17.1 in April. That’s close to the record high of 17.4 percent in October and shows just how difficult it is for jobseekers to find work.

Another grim statistic: The number of people out of work six months or longer reached 6.7 million in April, a new high. These people made up 45.9 percent of all unemployed people, also a record high…”

http://news.yahoo.com/s/ap/20100507/ap_on_bi_go_ec_fi/us_economy

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