The bottom line

Unemployment rate of 16- to 24-year-olds tops 18 percent; A $1.6 billion reduction in news gathering operations; Old-fashioned railroad ranks among the hottest IPOs; Outstanding consumer credit continues to fall; Aid from foreign workers dwarfs a

Unemployment rate of 16- to 24-year-olds tops 18 percent

The unemployment rate of 16- to 24-year-olds in the U.S. climbed to more than 18 percent, from 13 percent a year ago. Only 46 percent of people in that age group held a job in September—the lowest proportion since the government began to keep track of such data, in 1948.

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