Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

2 of 7
Unemployment hit a 26-year high of 10.2% in October. Topping the 10% benchmark got a lot of attention from the public and the White House, but it wasn't the main story for economists. Instead, they look at the U.S. payrolls number, which is based on a survey of employers about how many people are on staff.

That number has steadily improved since 741,000 lost their jobs in January. But 190,000 more jobs were lost in October. That is still more than the average monthly loss during the 2001 recession.

Many economists are forecasting job growth by early 2010. But if job losses continue deep into next year, that could tip the economy back into recession. If job losses start to increase again, it would be a cause for even greater concern since that could lead to a bigger pullback in retail sales, home prices and auto purchases.

NEXT: Retail sales

Last updated November 16 2009: 12:08 PM ET
Email | Print | Share  |  RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
Sports teams want you back in the stadium Stadium attendance is down so pro sports teams are using technology to win back fans and get them in their seats. More
Homes in these ZIP codes are selling like crazy Strong job growth, growing interest from Millennials and affordable home prices are attracting home buyers to these cities. More
Working class whites & the government: It's complicated These Clearfield, Pennsylvania, residents are mad at D.C., but want more help. More

Special Offer