US jobless rate hits 10.2 percent

The national unemployment rate surpassed 10 percent for the first time since 1983, the government reported Friday, and is likely to go higher, giving greater urgency to efforts in Congress and at the White House to consider tax and other incentives to spur businesses to hire.

The October jobless rate of 10.2 percent reflected nearly 16 million unemployed people and was up four-tenths of a percentage point from September. Job losses occurred across most industries, from manufacturing and construction to retail and financial.

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