Unemployment now at 9.8 percent - Trade Only Today

Unemployment now at 9.8 percent

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Unemployment rose in September to 9.8 percent, according to the U.S. Department of Labor.

The economy lost 263,000 jobs last month, more than was forecast. The largest job losses were in construction, manufacturing, retail trade and government. The August unemployment rate was 9.7 percent.

Since the start of the recession in December 2007, the number of unemployed people has increased by 7.6 million to 15.1 million, and the unemployment rate has doubled to 9.8 percent, the Labor Department says in a report released today.

Click here for a story in today's Washington Post.

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