Unemployment rose again to reach the highest rate since June 1983. At 9.8 percent, 263,000 jobs were lost in September.
Since the start of the recession in December 2007, the number of unemployed people has risen by 7.6 million to 15.1 million, the department said. While the decline in payrolls has moderated from early this year, companies are still not hiring on a wide scale, likely waiting for a signal that the economic recovery is sustainable.
This unemployment rate is getting dangerously high and our country needs to focus on job creation. Small businesses account for creating at least 70 percent of new jobs. The government needs to realize this and give small businesses a break because without them thriving we will lose a huge part of what makes our economy known as one of the strongest in the world.