February 29, 2024

The unemployment rate has hit double digits for the first time since 1983 — and is likely to go higher.

The number of Americans who have been out of work for six months or longer rose to 5.6 million, a record.

October was the 22nd straight month the U.S. economy has shed jobs, the longest on records dating back 70 years.

Jobless rate tops 10 pct. for first time since ’83