Jobless rate bolts to 14-year high of 6.5 percent

WASHINGTON – The nation's unemployment rate bolted to a 14-year high of 6.5 percent in October as another 240,000 jobs were cut, far worse than economists expected and stark proof the economy is deteriorating at an alarmingly rapid pace.

.....About 10.1 million people were unemployed in October, an increase of 2.8 million over the past year. A year ago, the unemployment rate stood at 4.8 percent.

The jobless rates for teenagers (20.6 percent) and blacks (11.1 percent) were little changed. The unemployment rate for Asians in October was 3.8 percent, not seasonally adjusted. The jobless rates for teenagers (20.6 percent) and blacks (11.1 percent) were little changed. The unemployment rate for Asians in October was 3.8 percent, not seasonally adjusted.

http://news.yahoo.com/s/ap/20081107/ap_on_bi_go_ec_fi/economy

For Minorities, Milestone Election Contrasts With Bleak Economy

Unemployment, rising for all groups, stood nationally at 11.2 percent for blacks in October — more than twice the rate of whites. Worse still, the rise in unemployment was far steeper over the last 12 months for blacks than for whites
http://www.courant.com/business/hc-haar1106.artnov06,0,2905397.column