Friday, December 4, 2009

Unemployment Rate for November: 10.0%

The unemployment rate improved from the 26-year low reported in October and even the broader measure of "underemployment" - including discouraged workers and those settling for part-time work instead of full-time - was better, falling from last month's all-time high of 17.5 percent to 17.2 percent.

The average work week rose from a record low of 33.0 hours to 33.2 hours and average hourly earnings increased, all signs that employers are getting more out of current employees before hiring new ones.

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