Nov 6th, 2009 - The Huffington Post
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WASHINGTON — The unemployment rate has hit double digits for the first time since 1983 – and is likely to go higher.
The 10.2 percent jobless rate for October shows how weak the economy remains even though it is growing. The rising jobless rate could threaten the recovery if it saps consumers' confidence and makes them more cautious about spending as the holiday season approaches.
The October unemployment rate – reflecting nearly 16 million jobless people – jumped from 9.8 percent in September, the Labor Department said Friday. The job losses occurred across most industries, from manufacturing and construction to retail and financial.
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Jobless Rate Surges to 10.2 Percent
Nov 7th, 2009 - ABC News
WASHINGTON (Reuters) - The U.S. jobless rate unexpectedly jumped to 10.2 percent last month, a 26-1/2-year high, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.
Unemployment rate rises to 10.2%
Nov 7th, 2009 - Los Angeles Times
Reporting from Washington - The nation's unemployment rate jumped to 10.2% in October, raising questions about the staying power of the budding economic recovery and confronting President Obama with a politically explosive new challenge.Biz Break: Unemployment over 10 percent; plus: It's the day of the Droid
Nov 6th, 2009 - San Jose Mercury News
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.Jobless Rate Tops 10%
Nov 6th, 2009 - Wall Street Journal
WASHINGTON -- U.S. unemployment rose by more than expected in October to hit its highest level in more than 26 years and employers cut more jobs than forecast, a sign...Jobless rate tops 10 pct. for first time since '83
Nov 6th, 2009 - Forbes
The unemployment rate has surpassed 10 percent for the first time since 1983 - and is likely to go higher. Nearly 16 million people can't find jobs even though the worst recession since the Great Depression has apparently ended...
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