U.S. unemployment rate worst in 26 years

While economists were only expecting the lost of 180,000 jobs in the U.S., figures just released show in September 263,000 payroll jobs were axed, pushing U.S. unemployment up to a 26 year high of 9.8%.

» U.S. job losses accelerate to 263,000 in September – Market Watch, 2nd October 2009.