Market News Comments

Unemployment

The unemployment rate unexpectedly fell in November to 10 percent, from 10.2 percent in October, as employers cut the fewest number of jobs since the recession began. The economy shed 11,000 jobs last month -- a sharp improvement from October's revised total of 111,000. The average work week also rose to 33.2 hours, from a record low of 33 hours, along with average earnings.
These are all good signs that the economy is improving. Of course, it could not keep getting worse forever. So, the real test will be seeing how sustainable the good news is, and at what pace improvement takes place.

Dec 4 · 2:36:00 PM · Source: Yahoo Finance
email · face · Twitter · digg · COMMENTS
by Rich Pike

Post a Comment

COMMENTS:

Copyright © 2010 MarketBeast.com.
All rights reserved.