Unemployment reaches 10.2% (U-3).

In an employment situation press release the BLS stated that the unemployment level rose from 9.8% (U-3) to 10.2% (U-3). This was more than forecasters expected. Nonfarm payroll employment continued to be down (-190,000). The rate of 10.2% is the highest since April of 1983. The alternative measure of total unemployed including "marginally attached" workers also known as (U-6) rose from 17.0% to 17.5%. Here is the press release and alternative measures for your review:

Press release: http://www.bls.gov/news.release/empsit.nr0.htm

Alternative measures: http://www.bls.gov/news.release/empsit.t12.htm

The Dow is @10000 which is about late 1990's levels. Unemployment is at early 1983 levels.

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