November Job Growth Unexpectedly Weak

[Yo_Mama_Been_Loggin]

By Glenn Somerville

WASHINGTON (Reuters) - The U.S. economy created only 112,000 new jobs in November, the government said on Friday, about a third of October's total and weak enough to deepen a shadow of uncertainty hanging over the holiday sales season.


The November figure from the Labor Department, the weakest job creation since July, is likely to aggravate consumer worries about job security and rising energy costs, which already have sales off to a soggy start.


The job total was well under forecasts for 180,000 new hires last month, though the unemployment rate eased to 5.4 percent from 5.5 percent in October.


Separately, a report from the New York-based Institute for Supply Management pointed to further growth in the nation's service sector but also underlined caution about hiring.

http://story.news.yahoo.com/news?tmpl=story&cid=568&e=5&u=/nm/20041203/bs_nm/economy_dc

[Brundle_Fly]

1. the spiral continues... n/t

[Moderator]

2. Duplicate

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=1041667