2 of 7
BACKNEXT
Jobs
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
RadioShack: 94 years of hits and misses The electronic giant's road to ruin is littered with 8-tracks, CD payers, pagers and many, many calculators. More
The best TV deals for the Super Bowl Want a new TV for the Super Bowl? Some great deals make now the time to buy. More
Top-paying jobs Orthopedic surgeons take home a median $410,000 in salary and bonus annually. What other great careers from CNNMoney and PayScale.com's list of Best Jobs in America offer hefty paychecks? More

Special Offer

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.