Unemployment hits 10.2%

In an article on CNN. com Chris Isidore reports on, the report issued by the government on Friday. In the article Isidore gives the frightening figures of the recent report, but still says "There are signs of growth." The unemployment rate has risen to 10.2% and Americans lost 190,000 jobs in October. Despite these alarming rates Isidore reports that Congress has voted to extend the unemployment benefits by up to 20 weeks. Also Sung Won Sohn, economics professor at California State University Channel Islands, noted "that the biggest increase in temporary employees in two years took place in October." This is another sign of hope for the economy because temporary jobs lead to permanent ones. I think it is sad that the unemployment rate has reached such a staggering figure, but the signs of growth continue to give me and many other Americans hope, that the economy can bounce back.