Obama administration to inherit weak employment numbers

11/7/2008 | CNNMoney · MarketWatch

The U.S. lost another 240,000 jobs in October, putting unemployment at 6.5%. Expectations had put the loss at 200,000. Close to 1.2 million jobs were lost this year, most of them in the last few months. President-elect Barack Obama will face an uphill battle on the economy when he assumes office in January. "Superman couldn't change what's in store for the U.S. economy. It's going to be ugly," said Rich Yamarone, director of economic research at Argus Research.

View Full Article in:

CNNMoney · MarketWatch

Published in Brief: