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