Saturday, December 4, 2010

Jobs numbers disappoint

Very sad Jobs Numbers!

39,000 jobs were added to the economy in November - the worst number since September, government says.

That marks a major slowdown from October, when the economy added an upwardly revised 172,000 jobs. Unemployment rose in November to 9.8% from 9.6% and stock futures turned lower.

The numbers are a huge disappointment, considering economists surveyed by CNNMoney.com expect a similar gain for November - they're predicting 150,000 jobs were added to payrolls during the month. Bernard Baumohl, chief economist of the Economic Outlook Group,was more bullish, having predicted another 235,000 added in November.

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