STIMULUS! “The unemployment rate rose from 9.8 to 10.2 percent in October, and nonfarm payroll employment continued to decline (-190,000), the U.S. Bureau of Labor Statistics reported today.” (Via NewsAlert). The stimulus package isn’t living up to the promises they made, is it? But health care will be different, I’m sure.

UPDATE: IBD:

One bright note: Temporary employment popped 33,700. Along with August-September revisions, that’s the third straight monthly gain. Temp jobs tend to be a leading indicator for employment overall.

Still, the workweek remained at a record-low 33 hours. Firms typically increase hours for current staff before going out and hiring new workers.

There were 5.6 million Americans who have been out of work for 26 weeks or more — 35% of all the jobless.

The underemployment rate — which includes discouraged workers and part-time staff that would like to work full time — climbed to 17.5%, the highest on records going back to 1994.

That gloomy report could further weigh on President Obama, who came into office promising swift, bold action to avoid double-digit unemployment.

Just possibly.

ANOTHER UPDATE: Those “Double Digit” Words Obama Might Like To Have Back.

MORE: Hope, Change, and 10.2 Percent Employment. “Naturally, according to the ‘experts’ it’s more than expected.”

STILL MORE: ABC News: Year After Obama vs. McCain It’s Obama vs. the Economy. So far the economy seems to be doing about as well as McCain did . . . .