Unemployment Rate Climbs to 9.8 Percent

December 4, 2010 10:38 pm

The number of unemployed persons was 15.1 million in November. The unemployment
rate edged up to 9.8 percent; it was 9.6 percent in each of the prior 3 months.

Among the major worker groups, the unemployment rates for adult men (10.0 per-
cent), adult women (8.4 percent), whites (8.9 percent), and Hispanics (13.2 per-
cent) edged up in November. The jobless rate for blacks (16.0 percent) showed
little change over the month, while the rate for teenagers declined to 24.6 per-
cent. The jobless rate for Asians was 7.6 percent, not seasonally adjusted.

Statistics Source: BLS

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1 Comment for “Unemployment Rate Climbs to 9.8 Percent”

  1. I simply do not fully understand how jobs are going to be developed when a large number of USA based businesses are spending their profits in another country. Take GE for instance. General Electric’s latest efforts to construct jet engines for the Chinese can lead to them handing over their blueprints for the engines they build. Yet another company, Yum Brands, is getting over 60% of its income from outside the United States. Unless trade policies are adjusted, more job losses is predictable.

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