Unemployment Probably Hovered Near 10%: U.S. Economy Preview

Unemployment in the U.S. probably kept hovering near 10 percent in October, one reason the recovery that began more than a year ago has disappointed Federal Reserve policy makers, economists said before a report this week.

The jobless rate held at 9.6 percent for a third month, according to the median of 61 estimates in a Bloomberg News survey heading into a Nov. 5 report from the Labor Department. Payrolls likely rose by 60,000, the first gain since May.