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Nov. jobless rate falls to 10 pct., 11K job cuts

WASHINGTON (AP) - The unemployment rate fell to 10 percent in
November as employers cut the smallest number of jobs since the
recession began.

The Labor Department says the economy shed 11,000 jobs last
month, an improvement from October's revised total of 111,000.
That's also much better than the 130,000 Wall Street economists
expected.

But the respite may be temporary, as many economists expect the
jobless rate to keep climbing into next year as the economy
struggles to generate enough jobs for the 15.4 million people out
of work.

If part-time workers who want full time jobs and laid off workers who have given up looking for work are included, the so-called underemployment rate also fell, to 17.2 percent from 17.5
percent in October.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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