World Bank: Unemployment Threatens U.S. Economy

According to Business Week, World Bank President Robert Zoellick said stubbornly high joblessness threatens to trigger loan defaults and drag down the economy next year, hobbling a U.S. economy struggling to rebound from recession.

Zoellick warned that the U.S. unemployment rate, which jumped to a 26-year high of 10.2% in October, will likely remain elevated in 2010.