Better-Than Expected November Jobs Report
December 4th, 2009 by Karina
This morning, the Department of Labor released unemployment numbers for November showing that 11,000 jobs were lost last month - the fewest jobs lost in a year and far fewer than economists had anticipated. In addition, the job losses for September and October were revised downward, showing that the rate of job losses has started to decline – from an average of 673,000 per month in the final three months of the Bush Administration to 87,000 during the past three months:
In addition to today’s report, the Bureau of Economic Analysis released an estimate last week showing the economy grew 2.8 percent this fall–the first economic growth in more than a year:
chart
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