Joblessness Ticks Higher in November
Like a recalcitrant and over-sugared child, U.S. unemployment figures just won’t settle down. The country’s jobless rate ticked up to 9.8 percent in November, a world away from economic recovery. –JCL
Wait, before you go…
Los Angeles Times:
In a major setback for the economy, the nation’s jobless rate jumped to 9.8% in November as employers added a surprisingly measly amount of new jobs over the month, the government said Friday.
The unemployment rate had been at 9.6% in the prior three months. The increase last month came as employers added just 39,000 jobs in November — a sharp drop-off from a revised 172,000 job gains in October and an average monthly gain of 86,000 this year.
Many analysts were expecting that the report would show a second strong month of job growth, on the order of 150,000 or more new jobs. And there have been other signs that the long-sluggish labor market may be gaining momentum.
If you're reading this, you probably already know that non-profit, independent journalism is under threat worldwide. Independent news sites are overshadowed by larger heavily funded mainstream media that inundate us with hype and noise that barely scratch the surface. We believe that our readers deserve to know the full story. Truthdig writers bravely dig beneath the headlines to give you thought-provoking, investigative reporting and analysis that tells you what’s really happening and who’s rolling up their sleeves to do something about it.
Like you, we believe a well-informed public that doesn’t have blind faith in the status quo can help change the world. Your contribution of as little as $5 monthly or $35 annually will make you a groundbreaking member and lays the foundation of our work.Support Truthdig