Will Unemployment Reach 10%?

We have, of late, been pummeled with signs that the economy has turned a corner. Regardless, it might not feel that way. Just ask the millions of unemployed. And this Friday, we'll get a clearer sense of the jobless picture, when the Labor Department releases its nonfarm payroll data.

Experts are anticipating things to get worse before they get better on the job front, with the unemployment rate expected to climb higher to 9.9%, and the economy expected to shed another 166,000 jobs in October. That follows September figures that showed the economy slashed 263,000 jobs on the way to a 9.8% rate.

See Our Photo Gallery : U.S. Layoffs Mounts

Many are anticipating a double-digit jobless rate to come at some point. In late October alone, Sun Microsystems(JAVA Quote), US Airways(LCC Quote) and American Airlines(AMR Quote) each announced big layoff plans.

With that in mind, we turn to you: Do you think the unemployment rate will reach 10% in October? Take the poll below to see the consensus of TheStreet. And don't forget to leave a comment below to offer your take on the issue.

Do you think the unemployment rate will reach 10% in October?
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-- Written by Sung Moss in New York

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