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Unemployment rate jumps into double digits
Posted:  11/07/2009 12:16 AM
Idled American workers, this is not your parents’ recession.

Unemployment rocketed above 10 percent in October, the first double-digit rate since the recession in the early 1980s.

But experts warned that the current job-market malaise won’t be cured as easily this time around. And at least one forecaster said Friday’s report means next year will be even worse than previously thought.

The jump in joblessness to 10.2 percent in October also brought some calls for a bigger federal response.

“We’re obviously going to need more stimulus,” said Judy Ancel, director of the Institute for Labor Studies at the University of Missouri-Kansas City.

Jobs remain hard not only to find but also to keep.

Mike Hoffman, 61, of Raytown, lost work this summer but got back on a payroll after three months. In a “double whammy,” that new job disappeared on Monday, Hoffman said while at a Missouri Career Center on Friday.

October’s unemployment rate was the first in double-digits since June 1983.