U.S. Economy Adds 39,000 Jobs in November, Fewer Than Expected; Jobless Rate Up to 9.8% (525 hits)
Breaking News Alert
The New York Times
Fri, December 03, 2010 -- 8:37 AM ET
-----
The United States economy added only 39,000 jobs in November, a blow to expectations that a recovery was gathering momentum, the Labor Department said Friday. The unemployment rate rose to 9.8 percent, from 9.6 percent.
Included in the latest report were slight upward 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.
Novemberâ??s gain was far from enough to help the large ranks of the unemployed. More than 15 million people remain out of work.
