Unemployment Rate Rises to 9.8%
Following three months of holding steady, the unemployment rate rises to 9.8% in November, with payroll employment displaying little progress, the U.S. Bureau of Labor Statistics noted Friday.
Rather, although nonfarm payroll employment climbed 172,000 in Oct., the report said, it rose by only 39,000 in Nov.
The news also punctures many of the optimism that had been developing because of other latest positive signs from the economic system: Pending residence revenue jumped a shocking 10%; revenue by U.S. automakers climbed by double-digit percentages; and many of your nation’s largest retailers reported better-than-expected sales last month.
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