The New Unemployment Numbers and What They Mean For You
Hopeful job seekers wait in line to enter the Choice Career Fairs job fair at the Los Angeles Convention Center on October 7, 2010 in Los Angeles, California.
It's another dismal economic record. The Labor Department released their estimates of unemployment today. The official rate remains the same as last month, at 9 point six percent.
The official jobless rate has been at or above 9 point five per cent for fourteen months now. That breaks a record set in 1982 and 83, and it's the longest stretch of high employment since the Labor Department began keeping records in 1948.
Barry Ritholtz is chief market strategist for the investment research firm Fusion IQ, and the man behind the popular blog, The Big Picture. He joins Madeleine to parse through the latest numbers and help listeners understand what it all means.
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