National Unemployment Rate Rises to 9.8 Percent

Submitted by Kevin Derby on December 3, 2010 - 9:06am

More bad news on the unemployment rate.

On Friday morning, the U.S. Bureau of Labor Statistics announced that the unemployment rate rose to 9.8 percent for November -- an increase from Octobers 9.6 percent figure. During November, 390,000 more Americans lost their jobs, raising the number to a total of 15.1 million Americans out of work.

One big concern has to be the loss of 28,000 retail jobs during November as the holiday shopping season kicks off.

Comments are now closed.