U.S. Unemployment Worsened in Most U.S. Metro Areas in October

Unemployment worsened or stayed the same in most U.S. metro areas in the month of October, according to Labor Department statistics reported by the Associated Press.

The jobless rate rose in 162 of the 372 metro areas tracked by the Labor Department, AP reported. The rate was unchanged in 42 areas and dropped in 168 areas.

The gloomy numbers came on the eve of the Obama administration's "jobs summit," which opened today at the White House and will include economists, academics and corporate executives who whill mull how the government can spur job creation.

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