Unemployment Rate Tops 10%

Last month, the unemployment rate rose to 10.2%. The total number of unemployed individuals in the U.S. now exceeds 15.7 million. Some economists predict that the the current unemployment rate will stay above 10% through at least Spring 2010.

This is only the second time in American history that the unemployment rate topped 10%. The last time the unemployment rate topped 10% was in 1982. The rate stayed above 10% for ten months. The unemployment rate peaked at 10.8% in November 1982.