Bureau of Labor Statistics:
In October, the unemployment rate rose to 10.2 percent, the highest since April 1983, and nonfarm payroll employment continued to decline (-190,000). The largest job losses over the month were in construction, manufacturing, and retail trade. DETAILS:
http://www.bls.gov/news.release/empsit.nr0.htm
I wonder if this is a warning about a weak Christmas shopping season?
Thank you for that - the details that are typically glossed over by the srm