Nov 7th, 2009 - Los Angeles Times
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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.
Not since 1983, after a double-dip economic downturn had sent the auto, steel and housing industries plunging, has the jobless rate gone so high. And many economists predict that it will go higher still in coming months -- and remain high for most if not all of next year.
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Nikkei Gains; Axa Pacific Jumps
Nov 8th, 2009 - Wall Street Journal
SINGAPORE -- Asian shares were higher Monday after modest gains on Wall Street Friday. In Australia, AXA Asia Pacific jumped 30% on news of a multibillion dollar takeover offer from rival wealth management firm AMP.
Oil prices tumble after US unemployment report
Nov 6th, 2009 - BusinessWeek
Oil prices tumbled Friday after the government said the U.S. unemployment rate topped 10 percent for the first time since 1983. Benchmark crude for December delivery gave up $2.57 to trade at $77.05 a barrel on the New York Mercantile Exchange...
Unemployment Rate Hits 10 Percent For The First Time Since 1983
Nov 6th, 2009 - The Huffington Post
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...Crude Oil Falls as US Jobless Rate Climbs to 26-Year High
Nov 6th, 2009 - Bloomberg
Nov. 6 (Bloomberg) -- Crude oil tumbled after the LaborDepartment reported that the U.S. unemployment rate surged to a26-year high, undermining speculation that fuel consumption willrebound next year.
Jobless Rate Hits 10.2%
Nov 6th, 2009 - BusinessWeek
The U.S. unemployment rate jumped from 9.8% to 10.2% in October, the U.S. Bureau of Labor Statistics reported on Nov.6. That rate exceeds economists' estimates of 9.9% and is the highest since April 1983.



