US Unemployment Rate Reaches Highest Level since 1994

World | November 7, 2008, Friday // 00:00

The unemployment rate in the USA reached 6,5% in October, 2008, which is its highest value since March, 1994, the BBC reported Friday.

The official data of the US Labor Department shows that the American economy lost about 240 000 jobs in October. 127 000 jobs were cut in August, 2008, and 284 000 were lost in September.

The BBC points out that according to some analysts, the unemployment in the US might go even up to 8%.

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