|
The US jobless rate rose to 6.5% in October, official figures have shown, the highest rate since March 1994.
Figures from the US Labor Department showed US employers cut 240,000 jobs in October, the 10th month in a row that the economy has lost jobs. The increase means that in the first 10 months of this year, 1.2 million people in the US have lost their jobs.
Job losses in August and September turned out to be much deeper than initially estimated by the Labor Department.
Employers cut 127,000 positions in August, compared with 73,000 previously reported, while 284,000 jobs were axed in September, compared with the first estimate of 159,000 jobs.
The revised figures for September showed the biggest monthly cut in jobs since November 2001.
|