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.
-- Written by Sung Moss in New YorkFollow TheStreet.com on Twitter and become a fan on Facebook.
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