According to the WSJ, "U.S. unemployment rose by more than expected in October to hit its highest level in more than 26 years and employers cut more jobs than forecast, a sign the labor market continues to struggle as the economy emerges from its deep recession. The unemployment rate, calculated using a survey of households as opposed to companies, rose by 0.4 percentage point to 10.2%, the Labor Department said Friday. While this will no doubt create a sense of morbid euphoria for certain Republican types who will be quick to place all the blame on the Obama Administration, might I suggest they compare the bars to the left of February 2009 on the graph against those appearing to the right. Once the high wears off...grab a mop!
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