Friday, September 4, 2009

August Unemployment 9.7%

The nation's jobless rate jumped from 9.4 percent to 9.7 percent last month, the highest rate since June 1983 but still more than a full percentage point short of the post-World War II high of 10.8 percent reached in late-1982, as employers remain cautious about hiring, unsure as to the strength of the economic recovery.

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