Obama calls jobless rise "sobering"
WASHINGTON |
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.
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