Feeling stimulated??

Unemployment hits 10.2%

U.S. employers cut a deeper-than-expected 190,000 jobs in October, government data showed on Friday, driving the unemployment rate to 10.2 percent, the highest in 26-1/2 years.

The Labor Department said the unemployment rate was the highest since April 1983. It revised job losses for August and September to show 91,000 fewer jobs lost than previously reported.

But that doesn't stop Reuters from spinning for Obama:

The labor market is being watched for signs whether the economic recovery that started in the third quarter can be sustained without government support. The economy grew at a 3.5 percent annualized rate in the July-September period, probably ending the most painful U.S. recession in 70 years.

Got that. It's probably over. Except:

Payrolls have declined for 22 consecutive months now, throwing 7.3 million people out of work since December 2007, when the recession started.

But don't worry -- they really do have that health care thing figured out. Just trust them.

UPDATED to add graph thingy:



The words "uncharted territory" come to mind.