Friday, December 03, 2010

'Disappointing' job growth as unemployment rate increased to 9.8%


November job numbers are out and they're not as good as expected:

In a significant setback to the recovery and market expectations, the United States economy added just 39,000 jobs in November, and the unemployment rate rose to 9.8 percent, the Department of Labor reported Friday.

Included in the latest report were revisions from previous months. The agency now says that the economy added 172,000 jobs in October, instead of the 151,000 jobs previously reported.

November’s numbers were far less than the 150,000 jobs forecast. More than 15 million people remain out of work, and 6.3 million of them have been unemployed for six months or longer.
Not good. Yet, Republicans, who created this crisis won't help the unemployed. It's sickening.

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