November 6th, 2009
08:43 AM ET
5 years ago

U.S. unemployment rate climbs to 10.2 percent

WASHINGTON (CNN) – The U.S. unemployment rate rose to 10.2 percent in October, the Labor Department said Friday.

It's the first time the unemployment rate has surpassed 10 percent since 1983.

Full story from CNNMoney.com


Filed under: Economy
soundoff (85 Responses)
  1. Party Purity will never bring Political Power!

    To all you neo-cons yappin' about the unemployment rate NOW.

    You were the same group of republicans screaming that all the banks and auto companies should fail and go into bankruptcies taking down the financial system and major group of manufacturing suppliers. Imagine the unemployment rate if the republican plan had been in place.

    Only now do you care about people and only because it suits your stated political agenda of having President Obama "fail".

    November 6, 2009 09:58 am at 9:58 am |
  2. Joe, Chicago IL

    WOW CNN!

    A two liner headline.

    You dedicated two pages to Palin's trip to WI.

    It is obvious with whom you are in the tank.

    How about reporting how Obama promised that unemployment will not exceed 8% with his Stimulus package? Whoops, that would mean an attempt at journalism.

    My bad.

    November 6, 2009 10:00 am at 10:00 am |
  3. all the news that's fit to omit

    The GDP going up, OBAMA is gush, gush the greatest.

    Unemployment going up, BUSH"S FAULT.

    The GDP going back down next quarter after the $24,000 per car cash for clunker or the $8000 handout to first time homebuyers are not part of the quarter, BUSH'S FAULT.

    Obambi being president (no cap deserved), YOUR FAULT.

    November 6, 2009 10:01 am at 10:01 am |
  4. MatthewDetroit

    Great job Barack, Great job.

    These idiots were all complaining when President Bush was in office and unemployment was at 5.3%....

    This idiot has unemployment at 10.2% and he is ruining the US economy...

    And I am sure Obama Mama, and Puerto Ricans for Obama, and GI Joe for Obama,,.. will all say keep going obama.... we love you.... we drank the kool aid... we think you are so handsome... blah blah blah...

    The idiot is driving the country into the ground and into socialism... He would rather extend welfare and unemployment benefits forever rather than create jobs. 40% + do not pay any taxes.... He loves that. You are all becoming more dependant on the state. That is bad.

    November 6, 2009 10:01 am at 10:01 am |
  5. A. dedomenico

    So much for the Stimulus Package.
    had tax cuts been given to business and the middle class, unemployment would not be at 10.2%.

    November 6, 2009 10:04 am at 10:04 am |
  6. Brenda

    How do you like that "hopey and changey" now??

    The countdown is now on until 2010.

    After the 2010 elections--it will then be goodbye power/control of the Dems!!

    Tick, tick, tick.

    November 6, 2009 10:06 am at 10:06 am |
  7. Bill

    Hope and change. Right.

    November 6, 2009 10:08 am at 10:08 am |
  8. Lila

    "I want Obama to fail"

    Something tells me the right fringe is celebrating today, which kinda makes me sick to my stomach.

    November 6, 2009 10:08 am at 10:08 am |
  9. Kevin in Ohio

    Yep, Obama sure is changing things. I wonder where it will be in 2012.

    November 6, 2009 10:12 am at 10:12 am |
  10. Fair is Fair

    You have to admit – O-blah-blah DID promise change.

    November 6, 2009 10:16 am at 10:16 am |
  11. Sniffit

    $10 to the GOPer who can come up with the most insane and virulent comment about this. Ready? Go...

    November 6, 2009 10:19 am at 10:19 am |
  12. RAG

    Worse economy since Reagan. Worst jobless rate since Reagan. It took 4 years for reagan to turn it around though increased taxes and governement deficit spending. Obama is fixing in in 1 year! What are Republicans complaining about????

    November 6, 2009 10:20 am at 10:20 am |
  13. Pelosi + Obama + 10.2

    One word: Obama

    November 6, 2009 10:22 am at 10:22 am |
  14. Bill

    If we pass this stimulus, unemployment will not go above 8%" – Obama, July 2009

    November 6, 2009 10:23 am at 10:23 am |
  15. S.B. Stein E.B. NJ

    This wouldn't have happened if for a number of things; if there had been more regulation keeping people from buy homes that they couldn't really afford and speculators from doing really untried and highly risky investments that they couldn't explain. Those are my initial ideas.

    November 6, 2009 10:26 am at 10:26 am |
  16. Right Leaning Independent

    The Stimulus was a joke and so is this adminstration!! They lied about the effect on the unemployment rate if the stimulus was passed without discussion. And for those on here that will say it is Bush's fault. We are not buying that! We know the financial crisis that created this larger mess was an effect of Clinton and the CRA and Barney Frank who overlooked warnings about Fannie Mae and Freddie Mac in 2003. If you want job creation, the administration had better stop being Anti-Business because it is businesses that create jobs!

    November 6, 2009 10:26 am at 10:26 am |
  17. Dave

    Before you wing nuts start blaming Obama for this, you might want to remember who was president the last time unemployment was this high in 1983. That's right, it's the republican saint Ronald Reagan.

    November 6, 2009 10:27 am at 10:27 am |
  18. JD

    The 10.2% unemployment rate is actually a lowball estimate. The real unemployment rate is somewhere between 15% to 17%. And this is all thanks to the dithering work of Mr. Nobel Prize himself.

    While 0bama has been doing nothing apart from bankrupting the future of our nation and our nation's children by saddling all of us with trillions of dollars in debt and trying to ram socialist programs down our throats, people are losing their jobs, their homes and their livelihoods.

    Enough is enough! Time to sweep these clowns out of office. 2010 and 2012 can't get here fast enough!

    November 6, 2009 10:30 am at 10:30 am |
  19. robert rosendahl

    What was the highest unemploymentrate since 1945 ?

    November 6, 2009 10:31 am at 10:31 am |
  20. Laura, Boston MA

    Change I don't believe in....anymore!!!

    November 6, 2009 10:31 am at 10:31 am |
  21. LacrosseMom

    " Its the first time the unemployment rate has surpassed 10 percent since 1983." GUESS WHO WAS PRESIDENT IN 1983? REAGAN.

    The media loves to scare, deflate, incite angst, however, those of us who have been around for a while, know that RECESSIONS, come and go.

    We know that we have been here BEFORE! Recessions are not fast-food, you can not wave a magic wand and........ viola..... its over!

    There are signs of RECOVERY, but the so-called-liberal media likes to focus on all that's wrong!

    NEWSFLASH: The U.S. Economy GREW for in the 3rd Quarter!

    BE PATIENT AMERICA, WE WILL RECOVER.

    November 6, 2009 10:32 am at 10:32 am |
  22. Casy

    Is this really a surprise? Not to me......the only surprise is that it appears that MANY Democrats are dedicated to getting on the Titantic with Obama and Pelosi!

    Makes no sense to me....it appears that they are ready willing and able to become the minority......

    November 6, 2009 10:32 am at 10:32 am |
  23. proud conservative

    How's that "hope and change" working out for you?

    November 6, 2009 10:34 am at 10:34 am |
  24. Dean in Florida

    Thanks, Obama!

    November 6, 2009 10:34 am at 10:34 am |
  25. Reaganomics Leads To Feudalism

    "It's the first time the unemployment rate has surpassed 10 percent since 1983."

    1983...and just WHO was President in 1983 when unemployment surpassed 10%? Can any of you conservatives tell me?

    Allow me to refresh your selective memories...it was the man you guys practically worship as if he were a "god" or something...

    Ronald Wilson Reagan was President in 1983 when the unemployment rate surpassed 10%...and he was in his THIRD year as President, not in his first like our current President.

    Oh yeah...Ronald Reagan...the "greatest President we've ever had..."

    NOT!

    November 6, 2009 10:35 am at 10:35 am |
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