Summary Box: Unemployment jumps to 10.2 percent
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Published: November 6, 2009
JOBLESSNESS JUMPS: The unemployment rate rose to 10.2 percent in October — a 26-year high — as employers continued to cut jobs.
ROCKY RECOVERY: The economy grew in the third quarter, but with 15.7 million Americans unable to find work the recovery remains fragile.
HOW HIGH?: The unemployment rate is forecast to keep rising, perhaps above 10.5 percent. Some economists say a return to pre-recession employment levels could take five years.
Related Topics:
Business, Company Activities and Information, Economic Indicators, Earnings and Losses, Corporate Reporting, Earnings and Loss Announcements, Jobs and Labor, Labor Market, Unemployment Rate, Layoffs and Downsizing, National Economy
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