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Tipsheet

Unemployment Hits 9.7 Percent

Jillian Bandes
Jillian Bandes | September 04, 2009 9:03 AM
Unemployment Hits 9.7 Percent
The only comparable time in recent history when unemployment was this high was in June 1983, when 10.1% of Americans were out of work. 216,00 jobs were lost in August of 2009.
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Theoretically, it's not so bad, because 233,000 jobs were expected to be lost, and 276,000 were lost in July, so not only are we beating a worse outlook, but we're also not losing as many jobs as we were before. Whatever. 216,000 certainly doesn't make my heart sing.

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