Employment: Payrolls added 39,000 in November
November's bleak employment report: payrolls inched up by 39,000 net jobs, private non-farm payrolls added 75,000 jobs, and unemployment increased to 9.8 percent.
SoldAtTheTop / The Paper Economy
Today's Employment Situation Report showed that in November, net nonfarm payrolls increased by a mere 39,000 and private nonfarm payrolls added just 75,000 while the unemployment rate inched up to 9.8%.
It's important to note that private sector job creation increased just 0.05% since last month remaining a whopping 6.31% below the peak level of employment seen in December 2007 though, on a year-over-year basis, private jobs showed a notable increase of 1.02%.
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