Job Creation Slows in November

By Toni Vranjes

December 3, 2010

The November jobs report brought some bad news for the Obama Administration.

Last month, the pace of employment growth slowed dramatically. The economy created only 39,000 new jobs in November, compared to 172,000 the previous month, according to revised figures from the U.S. Labor Department. The unemployment rate jumped from 9.6 percent to 9.8 percent.

One sector that performed relatively well was temporary-help services, which added 40,000 jobs. Employment in the robust health-care industry grew by 19,000.

However, retail trade didn’t fare as well. Employment fell by 28,000, which included job losses at department stores and at furniture and home-furnishings stores. Meanwhile, the manufacturing industry shed 13,000 jobs.

In addition, the number of “long-term unemployed” increased from 6.2 million in October to 6.3 million last month. This category consists of people who have been jobless for 27 weeks or longer.

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