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Chart of the U.S. unemployment rate which climbed to 10.2% in October, topping the 10% mark for the first time in 26 years.  The Labor Department reported this data Friday November 6, 2009

Chartoftheday.com wrote:
"Today, the Labor Department reported that the (October 2009) unemployment rate increased to 10.2% -- a 26-year high. For some perspective on the current state of the labor market, today's chart illustrates the unemployment rate since 1948. As today's chart illustrates, today's move above the 10% threshold marks only the second time such a move has occurred during the post-World War II era. It is also worth noting that the unemployment rate has tended to peak shortly after the end of the recession. Following the previous two recessions, however, the unemployment rate kept rising for many months following the beginning of an economic "expansion.""

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Source: Chart of the Day : Journalists and bloggers may post the above free Chart of the Day on their website as long as the chart is unedited and full credit is given with a live link to Chart of the Day at http://www.chartoftheday.com.
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