Job Rates Lower Than Expected In November???

Jobs Growth in Nov. Slower Than Expected
By LEIGH STROPE AP Labor Writer
published 12:57 PM - DECEMBER 05, 2003 Eastern Time




The nation's unemployment rate slipped to 5.9 percent in November, the lowest level in eight months, but employers added new jobs at a slower pace than expected.

The Labor Department reported Friday that the rate fell from 6 percent in October. The last time it was lower was in March, at 5.8 percent.

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."

EDITED BY ADMIN: COPYRIGHT

I wonder why??

edited for length....

a bit of a drop today. this could be part of the unemployment rating, or at least the slow growth rate for new jobs in november.

edited for spelling....;-p

for full story check it out.


http://www.rr.com/v5/2/news/frame/0,2331,,00.html?91~ap~1~9000_557351

Per DU copyright rules
please post only 4
paragraphs from the
news source and please
supply a link to the
article.


Thank you.

DU Moderator