Job Losses Pile on in October, Expected to Accelerate as Economy Worsens
Nov 6th, 2008 | By Jason Simpkins | Category: Financial NewsJob losses spiked in October according to two key employment reports released yesterday (Wednesday). The rate of unemployment has risen steadily over the past year but job losses expanded in both size and scope in October and will likely continue to accelerate well into 2009, further exacerbating an already potent economic downturn.