....for economic recovery...maybe.


Economy sheds fewest jobs since 2007
Only 11,000 jobs lost in Nov.; Unemployment rate dips to 10 percent
BREAKING NEWS
The Associated Press
updated 8:49 a.m. ET, Fri., Dec . 4, 2009

WASHINGTON - The unemployment rate unexpectedly fell to 10 percent in
November as employers cut the smallest number of jobs since the
recession began. The better-than-expected job figures are a rare note of
encouraging news for the labor market.

Still, the respite may be temporary. Many economists expect the
unemployment rate to climb into next year as the economy struggles to
generate enough jobs for the 15.4 million people out of work.

The economy shed 11,000 jobs last month, an improvement from October's
revised total of 111,000, the Labor Department said Friday. That's much
better than the 130,000 Wall Street economists expected.

The unemployment rate fell to 10 percent from 10.2 percent in October,
where economists expected it to remain.

If part-time workers who want full time jobs and laid off workers who
have given up looking for work are included, the so-called
underemployment rate also fell, to 17.2 percent from 17.5 percent in
October.

There was other positive news in the report. The average work week rose
to 33.2 hours, from a record low of 33 hours. Economists expect
employers will increase hours for their current workers before hiring
new ones.

The department also increased its job estimate for September, to a loss
of 139,000 from 219,000, and for last month, to 111,000 from 190,000.

Temporary help services added 52,000 jobs, the fourth straight increase.
That's also positive news, as companies are likely to hire temporary
workers before adding permanent ones.


URL: http://www.msnbc.msn.com/id/34272155...s_and_economy/

On Dec 4, 8:03*am, "H the K (I post with a Mac)"
wrote:
...for economic recovery...maybe.

Economy sheds fewest jobs since 2007
Only 11,000 jobs lost in Nov.; Unemployment rate dips to 10 percent
BREAKING NEWS
The Associated Press
updated 8:49 a.m. ET, Fri., Dec . 4, 2009

WASHINGTON - The unemployment rate unexpectedly fell to 10 percent in
November as employers cut the smallest number of jobs since the
recession began. The better-than-expected job figures are a rare note of
encouraging news for the labor market.

Still, the respite may be temporary. Many economists expect the
unemployment rate to climb into next year as the economy struggles to
generate enough jobs for the 15.4 million people out of work.

The economy shed 11,000 jobs last month, an improvement from October's
revised total of 111,000, the Labor Department said Friday. That's much
better than the 130,000 Wall Street economists expected.

The unemployment rate fell to 10 percent from 10.2 percent in October,
where economists expected it to remain.

If part-time workers who want full time jobs and laid off workers who
have given up looking for work are included, the so-called
underemployment rate also fell, to 17.2 percent from 17.5 percent in
October.

There was other positive news in the report. The average work week rose
to 33.2 hours, from a record low of 33 hours. Economists expect
employers will increase hours for their current workers before hiring
new ones.

The department also increased its job estimate for September, to a loss
of 139,000 from 219,000, and for last month, to 111,000 from 190,000.

Temporary help services added 52,000 jobs, the fourth straight increase.
That's also positive news, as companies are likely to hire temporary
workers before adding permanent ones.

URL:http://www.msnbc.msn.com/id/34272155...s_and_economy/

You couldn't possibly be the real Krausie. He never posts any good
news. He orgasms over bad news.