National Unemployment Drops 0.4 Percentage Points

Submitted by Anonymous on December 2, 2011 - 8:44am

Unemployment dropped to 8.6 percent nationally in November, down 0.4 percentage points from October, the U.S. Bureau of Labor Statistics reported today.

Payroll employment rose by 120,000, with the gains in retail trade, leisure and hospitality, professional and business services, and health care.

The national numbers do not break down unemployment by state.

Two weeks ago, Floridas unemployment rate came in at 10.3 percent for October, down from 10.6 percent in September, according to the Department of Economic Opportunity.

The jobless rate represented about 955,000 unemployed Floridians out of a labor force of 9.2 million.

On Wednesday, the U.S. Bureau of Labor Statistics reported that third-quarter productivity increased 2.3 percent, from a year earlier.

Hours worked are up 0.8 percent, while output grew by 3.2 percent.

More to come.

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