What is the cause for Unemployment rate eases in November — latimes.com?
Reporting from Washington – In a hopeful jobs report before the holidays, the nation’s unemployment rate eased to 10% in November from 10.2 % in October, and the number of workers on payrolls was essentially unchanged last month, the Labor Department said today. The report said employers shed a net 11,000 jobs last month, a statistically insignificant change and the best showing since December 2007. By contrast, the U.S. economy started this year with a loss of 741,000 jobs in January, but the pace of job declines has been moderating steadily. The report caught analysts by surprise; most economists had expected job losses to reach at least 100,000 last month. Although manufacturing and construction employers continued to trim jobs, the cuts were much smaller and were largely offset by increases in business and professional services and in health and education fields. The Labor report said workers last month put in 33.2 hours a week, up from a record low of 33 the previous month, sugges
Reporting from Washington – In a hopeful jobs report before the holidays, the nation’s unemployment rate eased to 10% in November from 10.2 % in October, and the number of workers on payrolls was essentially unchanged last month, the Labor Department said today. ยป Full Story on latimes.com Sources: http://us.lrd.yahoo.com/_ylt=Ah2gL1o1wqv9kv3vl2Bgiwl0fNdF/SIG=12iumvnv8/**http%3A//www.latimes.com/business/la-fi-jobs5-2009dec05%252C0%252C6122231.
