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The US Department of Labor announced this morning that the country’s unemployment rate hit a 26-year high of 10.2 percent in October, as the economy shed 190,000 jobs. The unemployment rate was higher than expected, as experts believed that it would remain under 10 percent.

Analysts say that while the pace of job loss has slowed significantly over the past year, the overall recovery has been inhibited by the continuing unemployment problems.
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