I posted this video back in July, but I think it warrants a re-post, given today’s troubling economic news: the nation’s unemployment rate rose to 10.2% in October, the first time in 26 years that it has been above 10%. Economists had forecast an unemployment rate of 9.9%, so the figure released today was worse than expected. Moreover:
Prior to this report, most economists had believed that the unemployment rate would keep rising and that job losses would continue into next year. But the jump in unemployment in October took it to levels worse than what many previously had expected to be the peak.