Posted by: Marvin Remmich | December 9, 2010

Nation’s Unemployment Rate Climbs to 9.8%

The unemployment rate in the United States edged up to 9.8 percent in November, according to figures released by the Department of Labor Friday. The jobless rate had been 9.6 percent in each of the prior three months.

The economy added just 39,000 jobs last month – far fewer than even the most pessimistic analysts were expecting. Keith Hall, commissioner of the Bureau of Labor Statistics, described the November employment gains as “essentially unchanged.” The number of new jobs added in October was revised upward from 151,000 to 172,000 in the latest report.

Hall says there were 15.1 million people unemployed in November. Of those, he says 41.9 percent have been out of work for 27 weeks or more.

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