A polling of economists are now expecting the unemployment rate to jump to 6.8% for November. 6.8% is the median.
U.S. payrolls probably shed 316,000 jobs in November, following October's drop of 240,000 jobs, according to economists polled by Reuters. The unemployment rate is seen rising to 6.8 percent in November from October's 6.5 percent
This would be the worst unemployment rate since 9/11.
Goldman Sachs predicts a 9% unemployment rate in 2009.
Another estimate is factory orders, which economics are expecting a 4.3% decline for January.