Ouch: Unemployment climbs to highest point since 1983

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The nation's unemployment rate has hit double-digit territory for the first time in 26 years. Labor Department figures released today show 10.2 percent of those actively seeking employment unable to find it. The actual unemployment rate is believed to be much higher, as plenty of people give up on their searches. Republicans are expected to use the data as ammunition in the 2010 midterm elections, BusinessWeek reports. However, the Democratic-controlled Congress voted this week to extend unemployment benefits in hard-hit states, including California.

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John Canalis writes the weekly Canalis Report on local issues and personalities. He is also responsible for special projects and political coverage.

E-mail John at john.canalis@presstelegram.com.

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This page contains a single entry by John Canalis published on November 6, 2009 7:30 AM.

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