Friday, December 3, 2010

November Employment Numbers

Hiring The Department of Labor has released its November employment data and they are disappointing.  Contrary to predictions of large job gains (or about 150,000), there were only a net of 39,000 jobs added.  Moreover, the unemployment rate went up .2 points to 9.8%.  The private sector added 50,000 new jobs (many of which were temporary), while the public sector lost 11,000.  We'll see if December provides any better news.

-JH

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Comments

Looks like scary eh? Never heard of numbers like these before. Will they do anything before these unemployment numbers reach a point of no return and then nothing can stop the unemployment race? It doesn't look like they are moving very fast for a new policy.
Young HR Manager

Posted by: Young HR Manager | Dec 5, 2010 5:29:04 PM

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