What will the US Unemployment Rate be for November 2009?

OOPS, just noticed that I failed to change the title to NOVEMBER! Sorry about that. Flagged for repairs.

"October numbers just out showed an unexpected jump to 10.2%."

Unexpected in whose book?

10 percent jobless is Obama's new world (AP)11-7-09

WASHINGTON — For months he had warned it was coming but that didn't ease the political shockwaves for President Barack Obama when unemployment topped 10 percent...

3.5 million lost their jobs while Obama was president. Expected or not, this is Obama's new reality...

The administration's own projections still see unemployment at 8 percent by the end of 2011...

Politically, Democrats are staring at some damage — and the fear of unemployment — themselves. Exit polls Tuesday in the New Jersey and Virginia GOP victories showed that the economy was the top issue in the minds of voters. And national public opinion surveys show that a majority of the public doesn't believe Obama's economic policies are working.

http://www.google.com/hostednews/ap/article/ALeqM5gwVvbh-J4L8-7XnmT0KxI4OzuuAwD9BQIO8G0

"In my wildest dreams, I never thought [the stimulus] would work this well."

Vice President Joe Biden, Sept. 24, 2009

Obama says jobs summit won't hike deficit

As he left for a weeklong trip to Asia, President Obama announced he would hold a U.S. "jobs summit" in December, and promised that the convention of experts in government, business and academia would figure out how to get tens of millions of Americans employed and "won't add a dime to the deficit."

Obama said funding for the summit would come from millions of dollars worth of savings squeezed from existing government employment programs.

"The very act of holding a jobs summit," Obama said, "will create or save some 37,000 jobs at the Departments of Commerce, Housing and Urban Development, and in the private sector airline, hotel, dry cleaning and restaurant industries."

Although details of the summit agenda remain sketchy, the president said he plans to invite thousands of government officials from around the nation, and to pay for their travel, meals and accommodations through fees on similar services used by conference participants from the private sector.

Those who travel to the jobs summit by bicycle, dirigible, or on foot, will also receive cash-equivalent "credits" from those who choose airline, automobile or train transportation.

Attendance by invited guests is optional, the president added.

"No one's going to force you to come to this summit," he said. "If you like your current location, you can stay there." However, invitees who decline will pay a $750 fine, and face a potential jail term of up to five years.

"We need to ensure fairness," said the president. "It's not right that some people should have to incur all of the expense of coming to the jobs summit, while others hoard their money."

Obama, on his way to China, sought to assure the American public that he was confident he could reduce double-digit unemployment to Bush administration levels.

"Don't worry. We've faced challenges before," Obama said. "If a man with no executive or military experience can get hired for the most important executive job in the world, commanding the world's most powerful military, then certainly we can figure out how to get ordinary folks back in the fields, the mines, the factories ... or whatever it is that they do out there."

http://www.washingtonexaminer.com/opinion/columns/Obama-says-jobs-summit-won_t-hike-deficit-8522680-69890897.html

@Erik - LOL Awesome!

<grins> I particularly enjoy the last line, "...or whatever it is that they do out there."