Friday, December 3, 2010

DBJ... Unemployment rises again

Dayton Business Journal…
U.S. unemployment rises to 9.8% in November
Friday, December 3, 2010

The latest jobs report from the U.S. Department of Labor shows a bump in November unemployment to 9.8 percent, representing a seven-month high.
The jobless rate is up from 9.6 percent in October. Surveys showed economists and Wall Street expecting about 150,000 jobs would be added in November, but non-farm payrolls rose just 39,000 positions and private hiring gained only 50,000. This is a dramatic change form October, when the economy added 172,000 jobs positions.
Retail employment lost about 28,000 positions from October, while manufacturing payrolls slid by 13,000 jobs. The government sector dropped about 11,000 positions.
November statistics for Ohio won't be released until later this month, but Ohio’s seasonally adjusted jobless rate to 9.9 percent in October from 10 percent in September, dipping to single-digit percentages for the first time since March 2009.

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