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Unemployment rises to 9.8%, only 39,000 jobs gained

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Unpleasant surprise.


The unemployment rate edged closer to double digits in November according to the new release from the Bureau of Labor Statistics, moving up two tenths of a point to 9.8%.  The private sector showed disappointing results, gaining only 39,000 jobs after a report yesterday from ADP suggested much higher gains.  A drop in retail employment [...]

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