Current Events — HabitableZone

Current Events » in reply to Let's see what the unemployment rate looks like on Friday.

re: What the unemployment rate looks like on Friday.

Here's the Washington Post's edition of the AP article.

U.S. companies added 57,000 new jobs in November, boosting payrolls by 328,000 during the past four months following a half-year hiring drought. But analysts had predicted that about 150,000 new jobs would be added in November.

The jobs market "is not improving as fast as we thought it was," said David Wyss, chief economist at Standard and Poor's DRI. "It's true we've had four consecutive months of payroll growth, which is a start. But it's only a bare start."

Economists are looking for monthly payroll gains of 200,000 to 300,000 to significantly lower the unemployment rate and sustain a labor market recovery.

Stocks retreated on the report. In midmorning trading, the Dow Jones industrial average was off 43 points and the Nasdaq was down 17 points.


In local news: my unemployment rate is still 100%.

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