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Keyword: umeploymentrate

UPDATE 1-Obama calls jobless rise "sobering"

11/06/2009 12:26:35 PM PST · by Baladas · 22 replies · 790+ views
Reuters ^ | Nov. 6, 2009 | Matt Spetalnick and Alister Bull

WASHINGTON, Nov 6 (Reuters) - President Barack Obama said on Friday the jump in the unemployment rate to 10.2 percent in October was a "sobering" figure that underscored the economic challenges ahead. Obama, speaking after the U.S. jobless rate unexpectedly rose to a 26 1/2-year high, also said he had signed a bill that extended jobless benefits and homebuyer tax credits. "I just signed into law a bill that will help grow our economy, save and create new jobs and provide relief to struggling families and businesses," Obama said in a statement delivered in the White House Rose Garden. "The...

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