What New Jobless Stats Say About U.S. Economy

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New unemployment figures released Friday are raising questions about whether the economy is improving or getting worse. 

The Labor Department reports that employers cut more than 260,000 jobs from their payrolls last month as the nation's unemployment rate hit 9.8 percent -- the highest it's been since 1983.
Also, if laid-off workers who have settled for part-time work or have given up looking for new jobs are factored in, the unemployment rate rose to 17 percent -- the highest on records dating from 1994.

The findings are evidence that what may be the worst recession since the 1930s is still inflicting widespread pain. 

CBN News Reporter Dale Hurd appeared on Friday's CBN News Channel's Midday program to provide an analysis of newly released employment statistics.

Click play to watch the interview.

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