Friday, December 26, 2008

Local jobless rate rises to 5%

From Austin Business Journal, December 19, 2008...

Austin’s unemployment rate hit 5 percent in November as the region struggles under the yoke of recession.

The number of area workers unemployed reached 43,800 in November, up from 41,500 in October and a significant increase from the 30,300 who were unemployed a year ago. The unemployment rate was 4.8 percent in October.

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