Unemployment up again in November
Save Email Print
Bookmark and Share
Updated: 6:38 AM Dec 3, 2010
Unemployment up again in November
The nation's unemployment rate climbed to 9.8% in November, a seven-month high, as hiring slowed.
Posted: 6:19 AM Dec 3, 2010
Reporter: Associated Press
Email Address: news@nbc11news.com
width:270 and height: 198 and picwidth: 218 and pciheight: 159
Font Size:

WASHINGTON, D.C. (AP)__ The nation's unemployment rate climbed to 9.8% in November, a seven-month high, as hiring slowed. Employers added only 39,000 jobs last month, a sharp decline from the 172,000 created in October. The weakness was widespread: retailers, factories, construction companies, financial firms and the government all cut jobs last month.

Private Companies, the backbone of the economy, created 50,000 jobs. That was down significantly from the 160,000 private-sector jobs created in October and was the smallest gain since January.

With hiring so weak, the unemployment rate rose from 9.6% to 9.8%. The jobless rate has now topped 9 percent for 19 straight months, the longest stretch on record.

(Copyright 2010 by the Associated Press. All rights reserved.)