Unemployment Tops 10%

At 8:30amET sharp, the business networks reported something that hasn’t happened since 1983 — the unemployment rate shot past 10%. With 190,000 jobs lost in October, the rate is now 10.2%. For CNBC, Hampton Pearson was outside the Labor Deptarment with the stats. For Fox Business, Peter Barnes broke the news, during Imus in the Morning. Lizzie O’Leary reported the news for BloombergTV.

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