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
- Highway Trust Fund: Who’s in and who’s out in next Congress228 Views
- Tracked electric vehicles the future of transportation?210 Views
- VIDEO: CBS’s '60 Minutes' spotlights America's neglected infrastructure205 Views
- Rollover accident caused from surprise gravel road138 Views
- Don't drink and drive...especially your wheel loader!114 Views