As President-elect Barack Obama began to assemble his economic team, the October employment figures released Friday provided a grim reminder of the country’sprecarious financial situation, although the stock market seemed to take the news in stride, with gains in early morning trading.
The real blow to theeconomy came from the manufacturing, construction and services sectors, whichdrove overall employment down by 240,000 jobs in October, significantly morethan consensus estimates that had predicted a loss of 200,000. As a result, theunemployment rate also was worse than expected, rising to 6.5 percent from 6.1percent in September. Department stores slashed 18,000 jobs last month to employ1.476 million, while apparel and accessory specialty stores cut 700 positions toemploy 1.493 million, the Labor Department reported.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)