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Recession hits painful milestone: Double-digit unemployment

Recession hits painful milestone: Double-digit unemployment

(NECN: Peter Howe, Boston) - A painful milestone in this recession: Double-digit unemployment. New figures released yesterday showed the U.S. jobless rate at 10.2 percent, the first time it's been over 10 percent since 1983 after 22 straight months of job losses. President Obama, signing legislation to extend to as many as 99 weeks the time period unemployed Americans can collect job benefits, called it "a sobering number that underscores the economic challenges that lie ahead.'' read more

NECN | November 7, 2009Watch more videos from NECN

Tags:. .necn. .milestone. .jobless. .underscores. .unemployment

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