Jobless bill adds 20 weeks unemployment pay in Michigan

Washington -- President Barack Obama said new figures released Friday showing the national unemployment has hit the double-digit mark -- 10.2 percent -- are a sobering reminder of the challenges still facing the U.S. economy.

"I will not rest until all Americans who want work can find work," he vowed.

Obama said his economic team is evaluating options to create jobs and get the economy moving.

Just hours after the new figures were released, the president signed into law a $24 billion bill extending jobless benefits and providing tax incentives to prospective homebuyers.

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