Unemployment Tops 10% Amid Slow Rebound

Unemployment Tops 10% Amid Slow Rebound

(WASHINGTON) — 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. The Labor Department says the economy shed a net total of 190,000 jobs in October, less than the downwardly revised 219,000 lost in September. (See 25 people to blame for the financial crisis.)

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