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263K jobs lost in September, far more than the 180K economists were expecting, and more than were lost in August. Unemployment rate up to 9.8%.

The U-6 numbers have now hit 17.0%. The actual number of unemployed and underemployed is closer to 20%. States like Michigan continue to race towards 25%. There will be no fast recovery, period.

And 2010 will only be worse.

posted by Zandar at 8:55 AM on Oct 2, 2009

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