Unsurprising – at least, unsurprising to me – yet not good:
WASHINGTON (AP) — The unemployment rate rose to 9.8 percent in September as employers cut more jobs than expected, evidence that the longest recession since the 1930s is still inflicting widespread pain.
And here’s the really cheery news:
If laid-off workers who have settled for part-time work or have given up looking for new jobs are included, the unemployment rate rose to 17 percent, the highest on records dating from 1994.
See the raw numbers here. I’m starting to notice the little details of higher unemployment, mostly in retail situations. It can be summed up as “customer service is generally better, when you can track somebody down to give you some.” Couple that with the indicators of a sour economy (if you do your own food shopping, you’ve noticed the problems with the produce aisle in your local supermarket; if you don’t, go ask somebody who does) and I’m not quite as cheery this morning as I could be.
Crossposted to Moe Lane.