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The U.S. jobless rate surged past the psychologically important 10 percent level in a troublesome sign for the labor market.
 
The politically-sensitive unemployment figure reached to 10.2 percent in October, a level not seen in more than 26 years, according to data released by the Labor Department.   
  
Signs of an economic rebound have not translated into Americans having greater confidence in their labor market.
 
Labor Secretary Hilda Solis says Washington is using its resources to get the labor market back on its feet.
But some economists say the surge in unemployment does not tell the whole story.  
 
Looking closer at the numbers: U.S. corporations slashed 190,000 jobs in October, slightly more than expected, but smaller than the cuts seen in September.  Also encouraging - numbers for the previous two months were revised to show smaller job losses.
 
That said, this recession has been tough on the American worker.  Payrolls have declined for 22 straight months - pushing 7.3 million Americans out of work since December 2007.


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