39K jobs added in November; 9.8 percent unemployment
Tina Grady Barbaccia | December 3, 2010
Just as the Federal Reserve decides to add more money into the economy to stimulate growth, unemployment rates rose unexpectedly as employers added fewer jobs in November than originally forecast, according to a Bloomberg News report.
However, the news agency surveyed economists, and the latest employment numbers, are less than the economists most pessimistic projections. According to Bloomberg News, payrolls increased 39,000. The jobless rate rose to 9.8 percent — the highest since April, according to the U.S Department of Labor figures.
MORE FROM Economics
- PHOTOS: Most gorgeous freeway ever?701 Views
- California to test feasibility of mileage tax602 Views
- PHOTOS: Six bridge/transportation projects receive 2014 PCI Awards473 Views
- Boxer urges House Ways & Means Committee to save Highway Trust Fund394 Views
- Construction company called out for substandard concrete259 Views