Unemployment Drops to 10%

Job losses slowed and the unemployment rate unexpectedly fell in November, the Labor Department announced today, in its most positive jobs report since 2007. Nonfarm payrolls fell by a mere 11,000, while the unemployment rate, which is determined by surveying households rather than companies, fell from 10.2% to an even 10%. Economists had predicted that the rate would hold steady, notes the Wall Street Journal.
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