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| Friday November 6, 05:00 PM | |
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Obama calls jobless rise "sobering"
WASHINGTON (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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