Biz Break: Unemployment over 10 percent; plus: It's the day of the Droid

Biz Break: Unemployment over 10 percent; plus: It's the day of the Droid

Today: Obama extends jobless benefits as unemployment surges over 10 percent. A tax credit for homebuyers is extended. The Verizon/Motorola/Google Droid arrives. A deal with the founders of Skype allows eBay to sell a majority stake in the business.

Unemployment rate climbs over 10 percent

For the first time in more than 26 years, the U.S. unemployment rate jumped over 10 percent last month.

According to the Labor Department, the nation's employers lost 190,000 payroll jobs in October. The jobless rate was a higher-than-expected 10.2 percent, up from 9.8 percent the month before.

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