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Saturday, November 21, 2009 3:49 AM

Published 11/07/2009 by AXcess News

Unemployment rate skyrockets to 10.2% in October while taxpayers grow weary of Obama's unchecked spending.

By Bob Turner

(AXcess News) Washington - The House of Representatives passed unemployment benefits extension bill HR 3548 by a sweeping 403 to 12 vote which President Obama is to sign into law Friday as the nation's unemployment rate climbed to 10.2%, far higher than most economists forecast.

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Quotes

...Friday morning, "Having the unemployment rate reach double-digits is a stark reminder of how much work remains to be done before American families see the job gains and reduced unemployment that they need and deserve." The White House prominently...

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Obama to hold job summit [Reuters Video: Business - 11/12/2009]
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Sobering jobs news for Obama [Reuters Video: Top News - 11/06/2009]

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Unemployment rate skyrockets to 10.2% in October while taxpayers grow weary of Obama's unchecked spending.