WASHINGTON (Reuters) - A jump in U.S. unemployment to 10.2 percent last month reflects the typical lag shown by the labor market as growth picks up, a top economic adviser to President Barack Obama said on Friday. Full Article at ABC News

“Today’s employment report contained both signs of hope for recovery and painful evidence of continued labor market weakness. Payroll employment declined 190,000 in October, continuing the steady trend of moderating job loss that began last spring. Full Article at CNN

White House economic adviser Christina Romer (ROH'-mur) says the 10.2 percent unemployment rate for October is a stark reminder of how much more needs to be done to get people back to work. Full Article at The Seattle Times