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St. Paul, Minn.

Unemployment figures raise doubts about a 'soft landing'

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Job Application
A job seeker fils out a job application. The Dept.of Labor reported the U.S. unemployment rate jumped to 6.1 percent in August.
Joe Raedle/Newsmakers

The unemployment rate stands at the highest it's been in five years.

The borrowing picture for those wanting to buy a home got much more complicated, with the government takeover of mortgage giants Fannie Mae and Freddie Mac. Still, the stock market soared on Monday.

Midmorning tries to decipher the mixed messages in the economy.

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Job Application
A job seeker fils out a job application. The Dept.of Labor reported the U.S. unemployment rate jumped to 6.1 percent in August.
Joe Raedle/Newsmakers