President Barack Obama said on Friday the jump in the unemployment rate to 10.2 percent in October was a "sobering" figure that underscored the economic challenges ahead. Skip related content
Obama, speaking after the U.S. jobless rate unexpectedly rose to a 26-1/2-year high, also said he had signed a bill that extended jobless benefits and homebuyer tax credits..




WASHINGTON (Reuters) - The pandemic of swine flu may be hitting a peak in the Northern Hemisphere, global health officials said on Friday, but they cautioned it was far from over.