FLASHBACK: Unemployment DOUBLED after Obama's First Term, before They Switched How Unemployment Was Tracked

The unemployment rate in the U.S. soared to a 26-year high of 10.2 percent in October and employers cut more jobs than forecast. Payrolls fell by 190,000 workers last month, compared with a 175,000 drop anticipated by the median forecast of economists surveyed by Bloomberg News, figures from the Labor Department showed today in Washington. Bloomberg's Lizzie O'Leary reports.