Official Job Figures Hover Higher
Like a recalcitrant and over-sugared child, the U.S. official unemployment figures just won’t settle down. Official data now put the country’s jobless rate at 9.8 percent, a .2 percent bump since October and a world away from economic recovery. —JCL The LA Times: In a major setback for the economy, the nation’s jobless rate jumped to 9.8% in November as employers added a surprisingly measly amount of new jobs over the month, the government said Friday. The unemployment rate had been at 9.6% in the prior three months. The increase last month came as employers added just 39,000 jobs in November—a sharp drop-off from a revised 172,000 job gains in October and an average monthly gain of 86,000 this year. Many analysts were expecting that the report would show a second strong month of job growth, on the order of 150,000 or more new jobs. And there have been other signs that the long-sluggish labor market may be gaining momentum. Read more Related Entries December 2, 2010 Cheney May Face Nigerian Bribery Charges November 30, 2010 Wendell Potter on ‘Deadly Spin’
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Official Job Figures Hover Higher
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on December 3, 2010. Filed under