Jobless rate at 14-year high

Just in today the October jobless rate from the US Labor Department - Unemployment rose to 6.3 percent bringing us a 14 year high.

U.S. employers slashed an unexpectedly steep 240,000 jobs from payrolls last month and the jobless rate shot up to a 14-1/2-year high, the government said on Friday in a report underscoring the economy’s steep slide.

Worse before its better?

Service-producing industries cut 108,000 jobs in October on top of 201,000 lost in September.

See the full story here.

What’s all this mean? Get to work you upstart!

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