This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

How Long Will Unemployment Top 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.

This Friday, we got a clearer sense of that joblessness picture, as the Labor Department released its nonfarm payroll data, showing that unemployment had tipped out at 10.2% for the month of October. In late October alone, Sun Microsystems (JAVA), US Airways (LCC) and American Airlines (AMR) each announced big layoff plans.

See Our Photo Gallery : U.S. Layoffs Mounts

With that in mind, we turn to you: Now that the unemployment rate has topped 10%, how long do you think it will stay there? Take the poll below to see the consensus of TheStreet. And don't forget to leave a comment below to offer your take.


Now that the unemployment rate has topped 10%, how long do you think it will stay there?

1 month
2 months
3-6 months
6-12 months
12-24 months
more than 2 years

-- Written by Sung Moss in New York

Follow TheStreet.com on Twitter and become a fan on Facebook.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%
YHOO $44.52 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs