Unemployment Rockets Above 10% For Twenty-Six Year High

by Benjamin Domenech on 10:03 am November 6, 2009

Economists had projected the jobless rate would exceed 10 percent early next year even as the economy expanded, so this number is surprising. Ethan Harris: “The rise in the unemployment rate is very ugly. This is a big backward step to get this high of an unemployment number this early in the recovery.”

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