Troubling Jobless Number

NEW YORK -- For people looking for a bright spot in October's unemployment report, there's this: most of the decline in jobs was accounted for by teenagers and the self-employed.

That means employed adults are mostly holding their own, but it's the first employment report in 26 years that puts the rate in double digits.

With the rate at 10.2 percent, Standard and Poor's chief economist David Wyss says the amount of time workers are spending between jobs is troubling, because it continues to rise.

And the average work week remains at around 33 hours.

The unemployment did edge downward for college graduates, from four-point-nine percent to four-point-seven.

Stock prices rose Friday, despite the surge in unemployment.


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