39K jobs added in November; 9.8 percent unemployment
Just as the Federal Reserve decided 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.
From our partners
MORE FROM Aggbeat Online
SUBSCRIBE & FOLLOW
- MSHA rolls out new Part 50 training program603 Views
- Mummified human remains found at the site of a planned quarry in Indiana419 Views
- Caterpillar splits with Navistar, will design and build its own vocational trucks in Texas393 Views
- MSHA highlights second quarter metal/non-metal accidents291 Views
- Lafarge NA sells $450 million in assets to Summit Materials221 Views