Friday, December 3, 2010

Dreadful Jobs Report: 39,000 vs Expected 159,000, Unemployment Now 9.8%; Census Workers Not Being Hired

When the stock amrket was popping on supposedly good news, here comes the non-farm payroll report showing a gain of 39,000 jobs versus the expected 159,000.

The census workers are not being hired by private companies.

Unemployment actually rose to 9.8%, the highest level since the spring.

Private payrolls excluding government agencies rose by 50,000 in November. versus economists projections of 160,000.

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