Summary Box: Unemployment jumps to 10.2 percent

Summary Box: Unemployment rate jumps to 10.2 percent in October, jobless recovery expected

Staff
AP News

Nov 06, 2009 15:27 EST

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.

Source: AP News

 

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