Jobless Rate Rises to 6.8%, as Economy Stalls
Underscoring that the economic recovery has slowed to a near standstill, Labor Department figures showed today that payroll jobs failed to rise in October and that the unemployment rate edged back up to its August level of 6.8 percent. Although the report was only modestly worse than expected, despite sharp job losses in manufacturing, retail trade and construction, economists said it added to fears that the midyear rebound had stagnated.
